THIS IS HOW ECEMENT WORKS

In order to provide both buyers and sellers with a fair and transparent pricing process, we have opted for a proven auction pricing process.

In this case, the market price is achieved progressively starting from an initial price. Participants invited to the auction can observe the price steps. An auction ends as soon as the first participant accepts the suggested price.

 

BUYER AUCTION – FAIR PRICING WITHOUT LENGTHY NEGOTIATIONS

The special feature of the buyer auction is that you, as a potential buyer, can act anonymously until the time of pricing.

The decision to use these methods was made after numerous discussions with potential users of the platform.

After selecting your production sites and the products you require, a “Cement matrix” is created. This suggests the most appropriate supplying plants.

All you have to do now is select the type of auction you require (ex works or free of charge) and the appropriate supplying plants and specify the tonnage required and the delivery period.

The distance zones required for freight calculation are automatically calculated by the platform. This is done using a special algorithm designed to avoid inferences to your company based on range distances.

In the last step, you define the starting and final price of the auction as well as the dynamics with which the price steps should be carried out.

After you have successfully configured your auction framework conditions, the ECEMENT platform sends invitations to the anonymous “digital price discussion” to the selected potential suppliers.

“Invited” sellers observe the price steps up to the first signal from the round of sellers. The contract is awarded to the first bidder who accepts the current price step. If there is no response from sellers up to the maximum target price, the auction is automatically ended and can be repeated with a new configuration if necessary.

Successful auctions lead to binding delivery contracts between customer and supplier.

 

SELLER AUCTION – PRICING WITHOUT COMPLIANCE RISK

A special feature of the seller auction is that we offer you, as a supplier, the opportunity to market targeted and secure quantities.

The auction procedure works with an opposite logic to the buyer auction.

In the first step, you, as the supplier, define your regional target markets and customers. You can use exclusion procedures to influence the selection process.

Selected customers will be invited by the platform to the round of suppliers if they have placed the products offered on a “watch list”.

Within the auction, the invited companies can observe the downward price steps.

As soon as the first competitor gives a signal, the round is stopped, and the corresponding recipient has the possibility to purchase a partial or the entire quantity.

When configuring the auction as a bidder, you can define the option to purchase partial quantities from an auction.

 

ECEMENT stands for innovative digital trading processes and strives to provide all participants with a fair and secure platform.