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"Powering Expert Auctions"
Optimal Auctions' economic consultancy specializes in expert auction design, expert software customization, and auction management for industries where improved pricing is critical. Industries in regulatory transition, with high transaction costs, or where price discovery is difficult can also benefit from our services. We help state and federal governments and leading businesses to replace complex negotiations for products or services with online expert auctions.
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Expert Auction Software
Leverage your strategic sourcing initiative by adopting the OptimalCommerceTM expert auction software engine. You can improve pricing, reduce transaction costs, and realize gains from trade only possible with a simultaneous expert auction. The robust feature set is compatible with best-in-class microeconomic theory to ensure harmony between usability and auction efficiency. OptimalCommerceTM is a 4th generation expert auction platform that has been used in over $105 billion of transactions.
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Expert Enhanced Procurement
Optimal Auctions provides six procurement strategies to improve the outcome of any negotiation or auction. The benefits of increased transparency and efficiency accrue to both buyers and suppliers alike. Our strategies are relevant to direct and indirect spend on commodities and specialty products and services.
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Economic Consulting
Optimal Auctions? economic consultancy specializes in expert auction design, expert software customization, and auction management for industries where improved pricing is critical. Industries in regulatory transition, with high transaction costs, or where price discovery is difficult can also benefit from our services. We help state and federal governments and leading businesses to replace complex negotiations for products or services with online expert auctions.
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Learn how Optimal Auctions saved New Jersey over $2 billion in the highly successful New Jersey Basic Generation Service auctions...
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