1. Home
  2. /
  3. Blog List
  4. /
  5. Miscellaneous
  6. /
  7. Sterlite develops e-auction portal in-house

Sterlite develops e-auction portal in-house

Posted By :

Sterlite T echnologies has developed an in-house auction portal that supports and links existing SAP and partner portals, providing key functional requirements like negotiation, RFX events and a userfriendly ecosystem for operations.

By Ankit Gupta

An auction portal is an online market for buyers and sellers to bid and win products as per their industry requirements. Sterlite was also looking at creating an auction portal that suffices the need for transparent collaboration with partners while deskilling the negotiation pr ocess.The auction portal was required to provide innovative solutions to customise various processes as per the changing business requirements, thus, creating healthy competitive environment among Sterlite’s partners.An emergent need to improve process compliance, maintain confidentiality and reduce the cost of auction on other available tools also arose.One of the major requirements was to establish end-to-end integration from RFI to awarding the auction to its release through SAP .

The Challenge

Even the best global auction portal presents issues such as:

  • End-to-end integration: Starting from RFI to awarding the auction, integration to available ERP platform was difficult, with many manual interventions.

  • Confidentiality of information: Despite a robust contractual framework with auction portal partners, there is a threat of flowing of leakage of sensitive information.This information may not be only related to price points but also business strategy and policy.

  • Cost per auction: All outside portals come either with annual lump sum or as per auction basis payment models.This presents a cost saving opportunity.

  • Engagement of internal manpower: In any case, even for external auction, one extra resource is required, to liaison with internal and external (auction portal provider) resources.


Though Sterlitehad worked with auction portals for a long time, the team had limited experience of designing one.T o start with, the team mapped Sterlite’scomprehensive requirements of additional functionalities and features over all past portals used, as well as fixing the defects of those portals.The members also pooled in their own experiences of conducting auctions.

The Solution

A team of Supply Chain and IT was formed which worked in collaboration with external IT development partners to evaluate the technology options available.The team developed a web-based solution that was integrated with backend systems like SAP . This strong IT backend with Tier-4 data centre ensures security and availability of the information.T o implement this solution, a workflow was created with specified roles for buyers, central purchase department, partners and commercial,finance &SCM heads.Some of the main features include creation of platform for RFX events, reverse & forward auctions, registration of potential partners, separate login details for internal &external stakeholders, separate buyer &partner screens, generation of online reports, low maintenance costs with immediate payback, no restriction on license and access rights matrix.

Measurement of success

  • Reduction in negotiation cycle: Based on the time of project undertaken, auction eliminates long negotiation periods, reduces the purchase period, and the purchase closing date is known.

  • Transparency in purchase and award decision: Buyers know they are competing fairly and on the same terms as all other suppliers.

  • Target Qualified Buyers: The success of auction is ensured due to the selection of an appropriate audience for the products offered.

  • Reduce Ownership Costs: As soon as the choice of buying & selling is made, the faster the selling & buying process can be done the better. Usual costs linked to ownership of property such as maintenance, interest, taxes and insurance can be lowered drastically .Auctions lower ownership costs through quickly getting response of the products & services.

Impact on business

After the development & implementation of the in-house auction portal, Sterlite conducted 41 auctions with addressable spend of around Rs.202 crore so far, resulting into an expected saving of Rs 9.59 crore with average 4.73% since April 2015.

This has also helped build long-term strategic partnership, improved transparency & efficiency in purchase and award decision, increased process efficiency and de-skilled the negotiation process.Other benefits include improved compliance to internal process and creation of an established platform for long-term saving

Impact on business

  • Total auction conducted: 41

  • Identified spend: Rs 202,56.08 Lakh

  • Identified savings: Rs 958.74 Lakh

  • Identified savings Percentage: 4.73%

  • Categories covered: Logistics, scrap, consumable items, electrical items

  • Buyers from plants trained

  • Plan for future: To make 100% implementation & develop more auction strategies for negotiation across STL for raw materials, Capex items, etc.

Leave a Reply

Your email address will not be published.

Our Latest Blogs

Managed Service

Driving Value with Managed Services

Technology is evolving at a consistent and rapid pace. Technology specialists are incorporating cutting-edge practices to boost the efficiency of...
Read More
Digital Network

Bridging the Digital Divide in the UK

The Digital Divide in the UK The "digital divide" is a growing concern in the UK, where access to technology...
Read More
Optical Fiber

Debunking the Common Myths about Optical Fibre

As data-intensive applications like video streaming, online gaming, and cloud computing become more common, the need for increased bandwidth has...
Read More
Fiber Optic Testing Tools

How Robotic Tools are Revolutionizing the Detection of Optical Fiber Failures

The fiber optic communication industry has revolutionized the entire Telecommunication industry by providing higher performance, more reliable telecommunication links with...
Read More
Fiber Optic Technology

Recent Advances in Optical Networking Technology: A Look at the Future of Data Transmission

Since several decades ago, optical networking technology has been developing quickly. Fiber optics is becoming a key component of the...
Read More
Optical Interconnect Technology

Optical Interconnect Vs. Electrical Interconnect: All You Need to Know

Interconnectedness is increasingly becoming the backbone of a modern, progressive world. It is what is driving the escalation of digital...
Read More
Network Running

Keep The Network Running in The Remotest Locations: Here’s How STL Can Help

The pandemic has unravelled the importance of reliable connectivity. From smart classes to online groceries, the internet is everywhere. Yet,...
Read More
Managed Service

5 Benefits of Using a Managed Security Services Provider

Investing in cybersecurity is the need of the hour as the cyber threat landscape evolves. But as cyber threats continue...
Read More
Optical Interconnect Technology

An Overview of Optical Interconnects: How They Work and Their Advantages

Optical interconnects are a crucial component of modern electronic systems. They are used to transmit data and power between different...
Read More
Network System Integration

Network System Integration: A Guide to Choosing the Right Optical Fiber Manufacturing Company

One of the crucial factors of a network system integration project is choosing an appropriate fiber cable; they determine the...
Read More
Optical Fiber

10 Ways Optical Fibre Has Changed the World

Optical fiber has revolutionized the way we communicate and access information. From high-speed internet to advanced medical procedures, the benefits...
Read More
Data Center Design

Designing Data Centre Networks: Strategies for Maximum Efficiency and Performance

Data centre design and the data network that supports it are critical components of any organization's IT infrastructure. The way...
Read More
Network Modernization

Accelerating Your Network Modernization Process

Network modernization is crucial for businesses to stay competitive in today's digital economy. However, the process can be time-consuming and...
Read More
Network services

Understanding Network Services and How They Enhance Your Business

A robust network is a must for any type of company in the twenty-first century because most products are digital...
Read More
Data centre

The Rise of Data Centers in India

With data consumption on the rise, cloud adoption accelerating, and technology demand soaring higher than ever before - Indian corporations...
Read More
RAN Services

Building a Faster, More Connected Healthcare Network with Radio Networks

In recent years, the category of linked medical devices has expanded to encompass Internet of Things (IoT) gadgets and a...
Read More
Network services

The Role of Network Integration in Telecom Companies

Network services integration and management are a significant deal. The richness of new telecom technology, whether on-premise or cloud-based, makes...
Read More
Optical Fiber

10 Tips for Simplifying the Installation of Optical Fiber Cables

Installing optical fiber cables can be a complex and time-consuming task. It is crucial to have a well-planned and executed...
Read More
Data Localization

How Would Data Localization Benefit India?

In this age of data ubiquity, localization policies' emergence and wide adoption is a story to be told. India finds...
Read More
Email Security

Complete Guide to Managed Email Security Services

Our email inbox is the gateway to our organization and needs special protection. In recent times, email attacks have become...
Read More

Our Services

Network services

The digital ecosystem and landscape is rapidly to mirror the continuous evolution of communication infrastructure, connectivity, and next gen use cases...
Read More

Fiber Roll out Services

We offer a dependable fiber-based backhaul solution that promises seamless high-speed connectivity and increased reliability for a better network experience...
Read More

Managed Services

We encourage customers to seize business opportunities by simplifying network management and maintenance, which standardized SLAs govern...
Read More

Data Centre Network

Future use cases will require cloud-native infrastructure. With our network transformation services, we out-innovate the current constraints in the data center space...
Read More

RAN Services

The approach of RAN network disaggregation comes at the expense of increased integration touch-points and engineering efforts...
Read More