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It’s More than just an Auction Portal!
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Strategic Sourcing Consultancy
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Additional Supplier Sourcing
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End to End Auction management Support
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Strategies for supplier stability and participation
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Reverse Auction
An online Negotiation tool involving multiple parameters, usually undertaken as the last leg of the Sourcing/ Tendering process , which helps the buyer in saving time, ensures better prices, reduced paperwork, enhances transparency, increases market efficiency, higher procurement process efficiency, and at the same time, provides the Suppliers/ Vendors on the status of their respective competitiveness
Forward Auction
An electronic tool used by Sellers to dispose Scrap, Surplus Inventory, Used Vehicles, etc. where multiple buyers compete to secure the item. This activity is best benefited when conducted as a follow-up activity to a RFQ/ RFI process. Beneficial due to drastic reduction in time as compared to manual activity, the online activity also ensures a higher reach among the prospective bidders.
Request for Quotation
Request for Quotation (RFQ) or Sealed Bid is an electronic tool, used by the buyers to receive quotes for the specific goods or service in very short period of time. RFQ is usually used for the initial price discovery and followed by the Auction to get the best market price.
Top 10 reasons to choose AuctionCloud as your Auction Partner.
- 50+ years of Domain Experience
- Best in Class Product
- Formulation of Auction Strategy
- Value Proposition Analysis
- Completely Automated Processes
- Secured, Flexible and Compliant to International Standards
- Bidder Training & Run-time Query Resolution
- Robust & Flexible configuration of Bidding Rules
- Information Security Guaranteed
- Lower Cost of Ownership
Different Auction Variants
Role based Access
Masking of Bidder Identity
Complex Business Rule
Integration with Legacy Systems
Decision Support
Audit Trails
Auto-Bid facility
Auto-Extension feature
Multi-Currency Bidding
Customized Reports
Helping Clients and Partners to create Success Stories. We would like to create a Success Story for you as well.
Tell us your requirement(s) and we will get back to you as soon as we can. Thank you!