In a Reverse Auction the lowest bid wins, rather than the highest — The Lowest Bidder is awarded the contract. Saving money for taxpayers by encouraging businesses to offer the best possible prices.
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.
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: