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AUCTION AUTOMATION AS A VALUE TOOL

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. .

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AUCTION AUTOMATION AS A VALUE TOOL

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  1. AUCTION AUTOMATION AS A VALUE TOOL By Dickie Juriansz

  2. If we look at history, We discover that while everything appears to have changed, in a sense nothing has changed. 

  3. “…… 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

  4. WHAT LESSONS CAN BE LEARNED FOR THE TEA AUCTIONING PROCESS?

  5. 3 Rooms 2 Days Auction Time 2 Rooms 2 Days 2 Rooms 1 Day 1 Room 1 Day Number of Lots

  6. HOW DOES THE TEA INDUSTRY COPE WITH THE FURTHER INCREASE IN LOTS? More Auction Rooms? 3 Auction Rooms 2 Days Automation ?

  7. System off the Shelf ? Automation Custom built to suit us ?

  8. 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

  9. What Do We Need ? A Tea Industry Solution using Modern Technology Not An Information Technology Solution For the Tea Industry

  10. TM information technologies ‘innovation is power’ TM Partner

  11. Learning From Others • Other Auction Systems • Other Tea Auction Systems

  12. TEA AUCTION SUSTAINABILITEA STABILITEA

  13. Next Challenge • Conduct a Real Auction

  14. “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 Bauwens Commercial Department Manager Aucxis Trading Solutions

  15. THANK YOU !

  16. DEMONSTRATION OF PROPOSED AUCTION SYSTEM

  17. Broker Live Auction Screen This is the screen of the broker in the rostrum, conducting the auction Broker control panel

  18. Buyer Live Auction Screen This will be the buyer's bidding screen Bid entry panel

  19. Broker Live Auction Screen Shows a catalogue about to begin auctioning by Broker - Auction # 30, 2007, Asia Siyaka, High Medium Catalogue

  20. Broker Live Auction Screen Broker brings the first lot up for sale - Lot # 201 Lot no 201 up for sale

  21. Buyer Live Auction Screen JAFF enters a bid for lot 201 @ 200.00 JAFF bids 200.00

  22. Buyer Live Auction Screen AKBAR overbids JAFF @ 202.00 AKBAR bids 202.00

  23. Buyer Live Auction Screen JAFF overbids AKBAR @ 210.00 JAFF bids 210.00

  24. Buyer Live Auction Screen STASS overbids JAFF @ 220.00 STASS bids 220.00

  25. Buyer Live Auction Screen JAFF overbids STASS @ 222.00 JAFF bids 222.00

  26. Broker Live Auction Screen Broker Asia indicates about to knock the lot JAFF Best buyer blinks in red

  27. Broker Live Auction Screen Broker 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

  28. Buyer Live Auction Screen STASS bids for lot # 202 @ 210.00 STASS bids 210.00

  29. Broker Live Auction Screen Broker Asia indicates taking out the lot STASS Best buyer blinks in grey

  30. Buyer Live Auction Screen AKBAR bids for lot # 202 @ 220.00 AKBAR bids 220.00

  31. Buyer Live Auction Screen STASS bids for lot # 202 @ 222.00 STASS bids 222.00

  32. Buyer Live Auction Screen AKBAR bids for lot # 202 @ 224.00 AKBAR bids 224.00

  33. Buyer Live Auction Screen STASS bids for lot # 202 @ 226.00 STASS bids 226.00

  34. Broker Live Auction Screen Broker Asia indicates about to knock the lot Best buyer blinks in red

  35. Broker Live Auction Screen Broker Asia knocks the lot, lot is sent to the auctioned lots pane Lot 202 sold to STASS

  36. THANK YOU !

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