Reverse Auction Services
If you are looking to implement the use of e-sourcing, specifically Reverse Auctions within your company’s procurement process, Contact Us to discuss your requirements. ProcurePort has over a decade of experience in conducting reverse auctions for various products and services. Check out all the categories where we can help your organization generate cost savings.
Reverse auctions, when implemented properly can generate significant price compression in certain categories of spend.
ProcurePort provides reverse auction services complimented by their state of the art cloud hosted (SAAS) reverse auction software.
Our Reverse Auction Service offering consists of the following key steps implemented by our experienced sourcing staff:
- Asses your spend category and determine its suitability for the reverse auction process
- Validate your supplier list
- Dedicated & Secure cloud based reverse auction portal with your company branding
- Creation of Bid Strategy based on category being sourced
- Supplier training and consultation for the reverse auction
- Initial setup and management of the entire reverse auction event
- Viewer account for your internal team for viewing the bid event in real time
- Post Bid analysis and reporting delivered after conclusion of auction event
The key components of executing a successful reverse auction are:
- Using the right software solution
- Inviting the right qualified suppliers
- Structuring the event optimally
- Properly executing the event
Successful reverse auction execution often requires specialized knowledge, expertise, and familiarity with the process. For organizations implementing reverse auctions for the first time or lacking internal resources, ProcurePort provides the necessary blend of software and services for conducting a successful reverse auction.
ProcurePort offers full service reverse auction services to both the public and private sectors.
Reverse Auction Pricing
ProcurePort provides per event pricing as well as package pricing. Contact Us to learn more about our full service offering.
ProcurePort can be your full service partner for conducting reverse auctions.