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.
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