AUCTION AUTOMATION AS A VALUE TOOL By Dickie Juriansz
Jan 17, 2016
AUCTION AUTOMATION AS A VALUE TOOL
By
Dickie Juriansz
If we look at history, We discover that while
everything appears to have changed, in a sense nothing has changed.
INVENTIONIMPROVED SYSTEMS
IMPROVED SYSTEMS
INVENTIONIMPROVED SYSTEMS
INVENTION
“…… there is no such thing as a low-tech industry. There are only low-tech companies – that is, companies that fail to use world-class technology and practices to enhance productivity and innovation.”
Michael Porter
WHAT LESSONS CAN BE LEARNED FOR THE TEA AUCTIONING
PROCESS?
1 Room1 Day
2 Rooms1 Day
2 Rooms2 Days
3 Rooms2 Days
Number of Lots
Auc
tion
Tim
e
HOW DOES THE TEA INDUSTRY COPE WITH THE
FURTHER INCREASE IN LOTS?
More Auction Rooms?
Automation ?
3 Auction Rooms
2 Days
Automation
System off the Shelf ?
Custom built to suit us ?
Colombo Tea Auction - very effective other than for time
- Transparent & competitive
Technology should enhance these inherent positive features while reducing Auctioning time
- Concerns such as Security
A Tea Industry Solution using Modern Technology
Not
An Information Technology Solution For the Tea Industry
What Do We Need ? What Do We Need ?
PartnPartnerer
TM
information technologies‘innovation is power’TM
Learning From Others
Other Auction Systems
Other Tea Auction Systems
Next Challenge
Conduct a Real Auction
“We understand that the current automation project will retain the features of the long established Colombo Tea Auction, which is indeed the most appropriate way to switch from shout auction to an automated system. It is also our experience that success is guaranteed by evolution, not revolution, and once all market users are familiar with the new technology and recognize its benefits, there is no doubt that next steps will be undertaken to further improve market efficiency”.
Patrick BauwensCommercial Department Manager
Aucxis Trading Solutions
THANK YOU !
DEMONSTRATION OF PROPOSED AUCTION SYSTEM
Broker Live Auction ScreenThis is the screen of the broker in the rostrum, conducting the auction
Broker control panel
Buyer Live Auction ScreenThis will be the buyer's bidding screen
Bid entry panel
Broker Live Auction ScreenShows a catalogue about to begin auctioning by Broker - Auction # 30, 2007, Asia Siyaka, High Medium Catalogue
Broker Live Auction ScreenBroker brings the first lot up for sale - Lot # 201
Lot no 201 up for sale
Buyer Live Auction ScreenJAFF enters a bid for lot 201 @ 200.00
JAFF bids 200.00
Buyer Live Auction ScreenAKBAR overbids JAFF @ 202.00
AKBAR bids 202.00
Buyer Live Auction ScreenJAFF overbids AKBAR @ 210.00
JAFF bids 210.00
Buyer Live Auction ScreenSTASS overbids JAFF @ 220.00
STASS bids 220.00
Buyer Live Auction ScreenJAFF overbids STASS @ 222.00
JAFF bids 222.00
Broker Live Auction ScreenBroker Asia indicates about to knock the lot
JAFF
Best buyer blinks in red
Broker Live Auction ScreenBroker Asia knocks the lot, lot is sent to the auctioned lots pane and the next lot comes in automatically for auctioning.
Lot no 201 sold to JAFF
Buyer Live Auction ScreenSTASS bids for lot # 202 @ 210.00
STASS bids 210.00
Broker Live Auction ScreenBroker Asia indicates taking out the lot
STASS
Best buyer blinks in grey
Buyer Live Auction ScreenAKBAR bids for lot # 202 @ 220.00
AKBAR bids 220.00
Buyer Live Auction ScreenSTASS bids for lot # 202 @ 222.00
STASS bids 222.00
Buyer Live Auction Screen AKBAR bids for lot # 202 @ 224.00
AKBAR bids 224.00
Buyer Live Auction Screen STASS bids for lot # 202 @ 226.00
STASS bids 226.00
Broker Live Auction ScreenBroker Asia indicates about to knock the lot
Best buyer blinks in red
Broker Live Auction ScreenBroker Asia knocks the lot, lot is sent to the auctioned lots pane
Lot 202 sold to STASS
THANK YOU !