The Reverse Auction module provides a dynamic pricing environment where suppliers compete for business in real time.  A variety of current pricing and competitive information can be displayed to participating suppliers; based on your auction strategies, suppliers can be presented with current low pricing information or simply informed if they are the current low bidder.  Also available are auction preview, reserve pricing display options, bid decrement rules, and automatic auction extension functions that accommodate a variety of sourcing strategies.  Procurement professionals monitor supplier activity in real-time, watching as suppliers compete and update their pricing throughout the event.  A dynamic graph is displayed, revealing the event's bidding activity.
Reverse Auction Module
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Delivery Models