Happy to hear thoughts on the pros and cons of it!
Still not able to to believe that there are very few B2B software that does live bidding/reverse auctioning. It can potentially save so much for enterprises by smart sourcing? Thoughts?
Not trying to play negative. It is not about building. Developing the product is only 10% of the game. The rest 90% lies in marketing and sales. There are several interesting HN discussions on how these complicated enterprise behemoth survive and flourish.
Moreover if you really want to attract people into your ideas you need to tell a bit more about yourself. Why should I join force with you? What are you bringing on the table?
Agreed 100% with your thought. Also thanks for sharing the links. These are really thoughtful. Will go through them in detail.
My bad, I was trying to play click bait to check interest. I am a electrical engineer turned management consultant with BCG. I worked with BCG across 2 different continents primarily supporting clients in change management, strategy and cost optimization.
I came across this problem in almost every client where their costs bloat up because of inefficient procurement and the solve was almost always pretty straight forward. Smart sourcing, real time monitoring and comparison with changing market dynamics.
Currently, no solutions exist which are simple to implement and use. Also very few solutions have easy UI/UX which is critical to drive usage across functions. Also what I understand the SMB space also doesn't have a solution like this.
What I bring to the table? Core domain knowledge of procurement, good client management skills & strong action bias to solving a problem
Why should you join me? If you are a hacker and want to redefine how procurement is done across enterprises, we should get chatting right away.
There are a ton of enterprise bidding/auction tools out there. Most of them are domain-specific so we never hear about them unless we are in that industry. Before you jump in headlong have you thought about compiling a landscape (google spreadsheet) of existing solutions?
Thanks for the input. Infact I have made a list, but most of them are not accessible to play around with. Any easy hack that has enabled you to do this?
Also there are hardly any good solutions that exist for the SMB market.
Generic solutions are hard to get traction with.I think go-to-market is a tough one. There is so much to unpack here and perhaps you have already thought of it but ping me, details in profile, if you wanna chat more.
Moreover if you really want to attract people into your ideas you need to tell a bit more about yourself. Why should I join force with you? What are you bringing on the table?
I will add these two links below for a reference.
https://news.ycombinator.com/item?id=22244750 https://retool.com/blog/erp-for-engineers/