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 !