Auctions Presentation

8/3/2019 Auctions Presentation

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An Auction is a process of buying and sellinggoods or services by offering them up for bid,taking bids, and then selling the item to thehighest bidder.

There can be several rules or conditionsclearly defined by an auctioneer beforestarting any auction.


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Participants in an auction may not know theidentities of each other and can alsoparticipant through various means includingtelephone and internet. The seller usually

pays a commission to the auctioneer orauction company based as a % of the finalsale price.


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PRIMARY TYPES English auction

Dutch auction

Sealed first price auction

Vickrey auction


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ALL PAY AUCTION BUY OUT AUCTION

COMBINATIONAL AUCTION

JAPANESE AUCTION RESERVE AUCTION

NO RESERVE AUCTION

SLIENT AUCTION


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In sale of collectibles. The wine auction business, wheere serious

collectors can gain access to rare bottles andmature images, not typically availablethrough retail chains.

Spectrum auctions, in which companiespurchase license to use proportion of the

electromagnetic spectrum forcommunication.


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Environmental Auction, in which companiesbid for license to avoid being required todecrease the environmental factors.

In commodities Auction, like fish whole saleauctions.

Electricity auctions, in which large scalegenerators and consumers of electricity bid

on generating contracts.


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No where perhaps is the impact of the webmore evident that in case of auctions. By nowevery one has heard ofe-bay, the pioneer inperson to person online trading. Founded in

1995 by Pierre Omidyar, the company nowprovides millions of auctions and hundreds ofthousand of new items eberyday from whichbidder may choose.


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CONCEPT:An organization performs activities to do itsbusiness. These activities define the kind ofbusiness you are in..

BASIS:It look at the activities required to producethe cost of the product or service. Theactivities consume resources and the cost of

these can be calculated. The amount ofactivity required for each product and serviceis determined.


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The activity is the work that is done. The resource is what the activity uses to do

the work.

RESOURCES COST THE MONEY The cost of the activity depends on the

quantity of resources used to accomplish theactivity.

The cost driver for an activity is the factorthat influences the amount of the resourcesthat will be consumed by this activity.


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The activity driver measures how much of theactivity is used by the cost object.

The cost object is whatever it is you wish tocost.

Note: IF THERE WERE NO ACTIVITIES, NO RESOURCES WOULDBE CONSUMED. IT IS THE ACTIVITIES THAT YOU DO THATDEFINE YOUR BUSINESS


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Understand TRUE profitability of your customers,products, or services

Quantify the cost of non-value added activitiessuch as errors and reworks

Identify opportunities to reduce costs and/orincrease efficiency

Obtain actionable information to negotiate priceincreases for unprofitable clients

Understand why profitability may be mediocredespite good strategic fundamentals

Stratify overhead costs so they can be managedmore effectively


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Resources

Activities

Cost Objects

Resource Drivers

Cost Drivers


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Today, companies are using ABC to make better-informed decisions about pricing, what type ofcustomers to pursue, and what products orservices to offer.

Determines the TRUE COST & PROFITABILITY ofcustomers, products, and or services.

It measures the costs and profits of anorganization based on the activities performedwithin that organization.

With ABC you can drill into profitability andperformance by almost any factor you can thinkof.


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Mohd. Arshad ansari Tushar Sharma

Ankur dubey


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Auctions Presentation

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