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to enter as an owner or a supplier.
Supplier Auction's Benefits
How It Works
Let your suppliers compete relentlessly for your business.
Use the revolutionary purchasing technology many huge companies use to save up to 50% on their supply costs!
The newest technology in purchasing is now affordable!*
The cost effective, very easy to use on-line 'reverse auction' where you ask suppliers to offer the lowest quotes for specific products or services.
Save money: get the lowest possible quote, saving up to 50% !
Save time: have the auction program automatically accept supplier quotes and determine the lowest one!
You set up an auction on your website with all the details suppliers need to give you a quote, and then inform them to bid on the auction instead of faxing you. Suppliers compete against each other on-line and can make numerous bids to outbid each other in order to get your contract. This ensures the lowest possible bid** If you wish you can monitor the progress of the auction, but there is no need to do so. At the end of the auction (i.e. after several days), you get emailed with the winning supplier's details and bid amount. Of course, you are not legally bound to accept the winning supplier.
* We generally charge as low as a 10th of what our biggest competitor charges!
We charge a low one-off fee to make and customise an auction website for you, instead of the 6 digit rental fees others charge!
** Providing the quote value is significant enough and there are a good number of suppliers to compete against each other.
