Live Online Bid

Real-time supplier competition with full control over ranking, timing, and bid visibility.

How It Works

Launch a live reverse auction in minutes and let suppliers compete in real time.

Add Items

1

Create the auction title, description, currency, and item sheet. Add attachments, tax options, and bidding requirements before launch.

2

Set Rules

Define auction date, duration, extra time logic, ranking type, bid value rules, and what suppliers are allowed to see during bidding.

3

Invite Suppliers

Select suppliers from Excel, category, or favorite lists, or add them manually and send invitations instantly.

4

Live Auction

Monitor live bids, rankings, online suppliers, and bid activity while suppliers compete on every item or total value.

5

Review Results

Track the final standings, compare supplier performance, and review bid history before making the purchasing decision.

Online Bidding .. Full Live Control

Control timing, visibility, ranking, and supplier competition from one live bidding environment.

 

Bid Duration

Set how long the live auction stays open.

 

Extra Time

Automatically extend bidding when suppliers update prices.

 

Ranking View

Control how suppliers see their position.

 

Bid Structure

Run competition by item, total, or both.

 

Bid Steps

Define bid reduction by value or percentage.

 

Lowest Price

Decide if suppliers see the lowest bid.

 

Supplier Visibility

Show or hide supplier names during bidding.

 

Live Suppliers

Track which suppliers are active in the auction.

 

Bid History

Review bid activity and supplier price changes.

 

Final Ranking

See the final supplier positions clearly.

BETTER LIVE COMPETITION LEADS TO better purchasing RESULTS.

Save Budget

Reduce procurement costs with full spending control.

Save Time

Automate workflows and speed up approvals.

Save Effort

Simplify processes and reduce operational workload.

Profit Starts at Procurement.

Lower procurement costs translate directly into higher sales profitability.

Live Online Futures

Smarter auction setup. Better competition. Full control.