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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.

Customer
Testimonials

"We were extremely satisfied by the support provided by ProcurePort in executing the packaging category reverse auction for WellPet. A lot of other functions saw value for using it in other areas of the company. I think we definitely will make use of ProcurePort for other initiatives in the future."

Digvijay Gurung
Commodities Manager
www.wellpet.com
Custom Auction Software
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About ProcurePort

ProcurePort is a global leader in providing e-Procurement Solutions and Services delivered On Demand via the Cloud. Our auction team consists of experienced sourcing professionals who can consult with your team in selecting the right product/service suitable for the reverse auction process and follow up with conducting your auction event from start to finish. Simply provide us with your purchase requirements and we will do the rest including a final bid analysis report that can be used by your internal sourcing team to make buying decisions.

Learn how ProcurePort’s Reverse Auction Services and Auction Software can help your business with your spend management. Contact us today to Get Started?