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. IMPROVED SYSTEMS INVENTION IMPROVED SYSTEMSINVENTION IMPROVED 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 Room 1 Day 2 Rooms 1 Day 2 Rooms 2 Days 3 Rooms 2 Days Number of Lots Auction Time
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 ?
Partner 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 Bauwens Commercial Department Manager Aucxis Trading Solutions
THANK YOU !
DEMONSTRATION OF PROPOSED AUCTION SYSTEM
Broker Live Auction Screen This is the screen of the broker in the rostrum, conducting the auction Broker control panel
Buyer Live Auction Screen This will be the buyer's bidding screen Bid entry panel
Broker Live Auction Screen Shows a catalogue about to begin auctioning by Broker - Auction # 30, 2007, Asia Siyaka, High Medium Catalogue
Broker Live Auction Screen Broker brings the first lot up for sale - Lot # 201 Lot no 201 up for sale
Buyer Live Auction Screen JAFF enters a bid for lot JAFF bids
Buyer Live Auction Screen AKBAR overbids AKBAR bids
Buyer Live Auction Screen JAFF overbids JAFF bids
Buyer Live Auction Screen STASS overbids STASS bids
Buyer Live Auction Screen JAFF overbids JAFF bids
Broker Live Auction Screen Broker Asia indicates about to knock the lot JAFF Best buyer blinks in red
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
Buyer Live Auction Screen STASS bids for lot # STASS bids
Broker Live Auction Screen Broker Asia indicates taking out the lot STASS Best buyer blinks in grey
Buyer Live Auction Screen AKBAR bids for lot # AKBAR bids
Buyer Live Auction Screen STASS bids for lot # STASS bids
Buyer Live Auction Screen AKBAR bids for lot # AKBAR bids
Buyer Live Auction Screen STASS bids for lot # STASS bids
Broker Live Auction Screen Broker Asia indicates about to knock the lot Best buyer blinks in red
Broker Live Auction Screen Broker Asia knocks the lot, lot is sent to the auctioned lots pane Lot 202 sold to STASS
THANK YOU !