E Auction Software
- E-auction is a tool for strategic sourcing strategy and time saving tool.
- What types of e-auction buyer can run? Reverse auction,Forward auction ,Dutch auction,Japanese auction and Multi Unit auction.
- Reverse auction is the most popular auction type amoung other bidding.
- Reverse Auction aimed for buyer to get the lowest bid for items to be purchased from suppliers.
- Japanese auction,buyer places a initial price than it continues until there are no more bidders or the auction is over when only one bidder remains
- Dutch Auction,FIRST BID WINS NO 2ND PLACE and also the bid finishes when we reach the reserve price as well.
- Multi Unit auction.,The bid finishes when the remaining amount is zero and bidder reaches the reserve price.
- Please consult for tailor made E-auction, Spend Management, Contract Management, E-Procurement, Expenses Module solutions.
E-auction
Create e-auction events and get more savings
Reduce your costs by creating online auction
Increase transparency for your purchasing
e-sourcing=more suppliers.
e-sourcing=happy buyers
e-sourcing=happy buyers
