Procure raw materials, services and equipment at the lowest cost with live reverse auctions. Qualified suppliers compete the price down — in real time, on the record.
Publish an RFQ with a multi-item BOM, invite pre-qualified suppliers, and watch quotes compete downward in real time. No back-and-forth emails, no manual comparison sheets.
One RFQ, many line items — each with its own spec, unit, quantity and target price. Suppliers quote line-by-line or for the whole basket.
Approve and rate vendors before they bid. Bidder group isolation ensures only the right suppliers see each RFQ.
Run open reverse auctions or switch to sealed (blind) mode where quotes stay hidden until the deadline.
Landed cost, GST, freight and payment terms compared side by side. No more manual quote sheets.
Convert the winning quote into a Sale/Purchase Order in one click, with the full approval and audit trail.
Quote in the last minutes? The auction auto-extends to stop sniping — configurable trigger and max extensions.
Run your first reverse auction this week — set up same day, no app download for suppliers.
Book a Free Demo →These are the problems plants describe before they change anything. Not all of them apply to every company — most companies recognise four or five.
Quotes arrive by email, WhatsApp and phone. Someone types them into a sheet, converts units, adds freight, and hopes nothing was mistyped. The comparison is only as good as that typing.
One vendor quotes ex-works, another delivered, a third with different payment terms. They look comparable in a column and are not.
New suppliers are hard to onboard, so the existing ones are used by default — and they know they are not being seriously challenged.
Two buyers in the same company get two different prices for the same item, because the outcome depends on the person, not the process.
The quote is ready on Monday and the approval lands on Friday, by which time the rate has moved.
The file shows who won. It rarely shows who else quoted, what they quoted, and why the winner was picked.
When the line is about to stop, someone calls a vendor and places the order. That is the purchase that most needs a record, and it has none.
Each of these answers one of the problems above. Nothing here needs new hardware or a new team.
Vendors see their rank and can improve while the window is open. The last price is a competed price, not a first offer.
Freight, GST, payment terms and any other loading are applied by the system, so what you compare is what you will actually pay.
One RFQ, many line items, each with its own spec, unit, quantity and target. Suppliers quote line by line or for the whole basket.
Approve and rate vendors first. Bidder group isolation means only the qualified ones see a given RFQ.
For sensitive categories, switch to blind bidding — quotes stay hidden until the deadline, then open together.
The clock extends on a late bid, and the smallest allowed reduction is enforced so the auction does not crawl down in one-rupee steps.
The winning quote becomes a purchase order with the same numbers — no re-typing, no transcription error.
Who was invited, who quoted, what they quoted, who won and at what. Available without anyone assembling it.
The other side of the same market. A process that only works for the buyer does not stay competitive for long.
Most RFQs end with no reply. You never learn whether you were close or nowhere near.
Your quote becomes a negotiating tool with another vendor, and the order goes elsewhere at your price.
Quantity, delivery point or payment terms change after you have committed to a rate.
You price the material but cannot price the delay, because nobody tells you what the delay will be.
Suppliers, buyers, forwarders and transporters use BidBegin free. There is no fee to be invited, to bid, or to win.
You never pay to receive an RFQ or to place a quote.
If you are second, you know it in time to decide whether to improve — not a week later when the order is gone.
Companies on BidBegin are onboarded and verified. You are quoting to a real procurement team, not an enquiry farm.
Item, spec, unit, quantity, delivery point and terms are on the RFQ before you quote, so the basis cannot move afterwards.
They are part of the comparison, so you can price them instead of guessing.
No chasing for a formal order after you have already won.