Trusted globally by sourcing specialists
Benefits of using Reverse Auctions
Cost Savings
Competitive bidding helps companies secure lower prices by fostering supplier competition.
01
Greater Transparency
Enhance trust and strengthen supplier relationships through an open, fair bidding process.
02
Wider Supplier Access
Attract multiple qualified suppliers at once, increasing competition and business opportunities.
03
Market Visibility
​Real-time bidding provides a clear view of current market prices, ensuring informed decisions.
04
British Reverse Auction
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Effortless Reverse auctions with an intuitive platform
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Ensure fair competition, lowest bids
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Lowest bid - Reveal the lowest bid to your suppliers
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Ranking - Suppliers can see how they rank against
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Auto Start at the planned date
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List price - You can set a list price for each item
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Item delivery date - compare item delivery dates
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Bid Increase Limit
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Cool-down period for last-minute changes
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Real-time and post-event reports
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Custom data input fields for additional info
Dutch Auction
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Optimize upfront savings with first open bid
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Decrease procurement lead-time, increase transparency
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Efficient comparison of multiple supplier proposals
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Easy setup of starting and maximum prices
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Set minimum step and step time for suppliers
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Lowest bid - Choose whether or not to reveal the lowest bid
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Enable ranking for suppliers' adjustments.
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Auto Start for the planned date
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List Price with bid restrictions
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​Compare item delivery dates during bidding
Dynamic Allocations
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Real-time auction quantity allocation
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Trigger-based dynamic allocation with response rules
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Bidding Competition: Dynamic allocation for rivalry
Multiple Factor Auction (MFA)
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Run auctions that take into account multiple parameters
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Identify the best bid with a multi-attribute auction approach
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Ensure fair, transparent bid evaluations
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Optimize auctions for maximum value
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Speed up procurement with efficient auctions
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Seek tailored bids for specific needs
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Supplier Engagement Monitor
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Real-time tracking of suppliers' performance
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Proactive supplier issue identification
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Get insight into supplier engagement activities
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Strengthen your relationships with suppliers
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Map global suppliers, create custom plans
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Improve operational excellence with suppliers
Set-up For Competition
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Multiple settings available: show or hide rank and best bid
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Bid at item level or at the total price
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Lowest bid - Reveal the lowest bid for the competition
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Ranking for supplier comparisons and bid adjustments
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Bid at item level
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Bid at a total price
Message Center
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Real-time messaging with integrated supplier tools
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Enhance quotation processes - quicker supplier responses
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Easy tracking of response status
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Quickly share documents for early supplier involvement
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Unread messages indicator
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Bulk Messaging: Reach multiple suppliers at once
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Eliminate never-ending email chains
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Accessible anytime, anywhere with internet
Audit Logs
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Real-time visibility and access to information
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Be always in control
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Identify and correct errors in time
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Comply with the legal requirements
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Reduce risks, manage incidents
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Be sure that the information is available when needed
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Save time and costs on audits
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Detect suspicious behavior, monitor data access
Easy For Suppliers
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Save time with secured webpage for prompt replies
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Identify suppliers' best practices, improve service quality
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Streamline communication with the message center
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Fast, easy, and cost-effective supplier communication
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Read, understand, and reply to messages easily
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Smart notifications for efficient information access
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No need for unnecessary account set-up and passwords
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No changes to suppliers' processes required
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No training is needed for your suppliers to use the webpage
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Improve supplier performance with centralized info
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Suppliers can share various file types easily
