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e-auction
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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