Why choose us
Because we assure you effectiveness with results, doing your work automatically, where you can see your purchases organized and focus on what matters most, growing.
At Open Auction we are at the forefront of the procurement ecosystem with an initial focus on the reverse auction process. For those unfamiliar with the concept of a reverse auction, it is like a regular auction, but reversed, so instead of buyers outbidding each other by increasing the price they are willing to pay, suppliers compete by undercutting each other by reducing the price the buyer will ultimately pay.
Reverse auctions can take a variety of forms, and each type of auction introduces different criteria for setting prices for goods and services.
Because we assure you effectiveness with results, doing your work automatically, where you can see your purchases organized and focus on what matters most, growing.
At Open Auction we are at the forefront of the procurement ecosystem with an initial focus on the reverse auction process. For those unfamiliar with the concept of a reverse auction, it is like a regular auction, but reversed, so instead of buyers outbidding each other by increasing the price they are willing to pay, suppliers compete by undercutting each other by reducing the price the buyer will ultimately pay.
Reverse auctions can take a variety of forms, and each type of auction introduces different criteria for setting prices for goods and services. Reverse auctions are excellent for reducing costs and exposing your requirements to many suppliers. Auctions can be dynamic and fast-paced, generating excitement and urgency around the bidding process.
It's really easy! The registration process takes less than 1 minute. Follow these steps to be able to publish for FREE.
With your login you will be able to post purchases for FREE and bid as a supplier without limits.
Make a detailed description of what you need to buy. Use the categories to make sure your order will get to the right suppliers.
Receive offers and watch your costs improve! Answer possible queries before you finalise your purchase and get better prices.
Contact the seller who has won the auction and arrange delivery of your purchase
A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In a regular auction, buyers compete to obtain a good or service by offering higher and higher prices, whereas in a reverse auction, suppliers offer lower and lower prices.
If you want to publish a purchase requirement, in the main panel or in My Purchases, you will see a button that says "New publication". Fill in as much detail as possible in all fields (it is very important as the more data you provide, the better the Supplier User will understand) in field 1, press the "Add items" button (you can add up to 15 products per publication) in field 2 and then "Save" to make a publication effective.
From the time the purchase requirement is published, until the day and time of the auction end set by the Buyer User. You will see it like this: Remaining time: 04d 19h 37m24s.
There is no minimum amount, you just have to bid less than the previous bid