Reverse Auctions and Electronic Bidding
We are a full-service online reverse auction and Electronic bidding marketplace where Buyers save time and money on the goods and services they need and Vendors compete and win on a level playing field.
Use of Reverse Auctions can benefit Companies and Governments of all sizes, including federal agencies, State and Local Government Offices. When implemented successfully, online bidding can generate significant cost savings. Real-time online bidding creates a competitive marketplace among your suppliers for the products, services. When implemented properly, on-line auctions can complement an organizations strategic sourcing process and help lower the overall cost of purchases; as well as, positively impact budgets.
Reverse Auction Benefits
Procurement leaders of global enterprises are facing increasing challenges to do more with less in today’s intensely competitive landscape where spend management is one of the key factors of survival. Reverse auction software is a good addition to any strategic sourcing process and provides several benefits such as:
Cost Savings- Significant time savings related to collection of bids from various suppliers
- Benefits of discovering true market pricing including discovery of new suppliers
- A more transparent auction bid process allowing suppliers to compete in real time to win the business
- Increased benefit of indirect cost savings for all goods and services, generated via process automation that accompanies the implementation of a web based reverse auction software