-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
ECA to Develop Guidelines for More Balanced e-Auctions
July 24, 2003 |Estimated reading time: 1 minute
Arlington, Va. — The Electronic Components, Assemblies and Materials Association (ECA) is developing industry guidelines that it hopes will forge a better balance between buyer and seller in e-auction transactions.
ECA will recommend that its suppliers use the guidelines to reach an agreement with the buyer on how the e-auction will be conducted before it starts. The association will also encourage third-party e-auction providers to adopt software features and policies that are fair to both buyers and sellers.
Issues under consideration for the e-auction guidelines include:
- Treating pricing information as proprietary.
- Prohibiting a third party from using information from one e-auction to influence pricing on a subsequent one.
- Identifying all participants in the bidding process.
- Clearly stating terms and conditions up front, and not making real-time changes during the process.
- Extending special rights to incumbent suppliers.
- Considering the e-auction as an implied contract and holding the buyer to the rules of engagement.
- Defining lots in a fair manner that permits monolithic pricing.
- Clearly stating up front the criteria for selecting the winner.
- Providing information on the results of the auction within a pre-agreed timeframe.
Suppliers, buyers and e-auction software and service providers can share their views on an e-Auction forum posted on the ECA Web site at www.ec-central.org/e-Auction.cfm.The Electronic Components, Assemblies & Materials Association (ECA) represents manufacturers and producers of passive and active electronic components, component arrays and assemblies, and materials and support services. It is a sector of the Electronic Industries Alliance (EIA), comprising more than 2,100 members that represent 80 percent of the $430 billion U.S. electronics industry. For more information, visit www.ec-central.com.