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Reverse Auctions

Having Problems?

In Sourcing, it takes time and effort to collect supplier offers. And you can't be sure that you are getting the best price. On top of this, sometimes you don't know when a negotiation will end. So, in negotiations with lots of suppliers, this can mean very long lead times.

Introducing The Intelligent Reverse Auction

POOL4TOOL eAuction is a reverse auction that gets better results than traditional ways of getting savings. It is the ideal follow-up to an eRFX, so you no longer need long, face-to-face negotiations. What's more, eAuctions help you save time, get better conditions, and increase competition between suppliers. As a result, eAuctions can produce 10-15% more savings than other methods.

eAuction is a very flexible tool, including:

  • English dynamic
  • English ticker
  • Dutch ticker
  • Hong Kong ticker
  • Traffic light auction
  • Rank auction
  • First-price-sealed-bid

The POOL4TOOL team can help you pick which auction type will work for you and your item, set it up, and help you make it a success.

Discover These Powerful Features

  • Turn eRFx into an eAuction in one click
  • Pull auction results into Contract Management quickly and easily, so you can save time and effort
  • Flexible pricing: run the module yourself and use eAuctions whenever you want - or pay per event
  • Professional services option, including supplier on-boarding and support, training on auction theory, coaching in how to set up events, and event management, so you can get the most out of the module
  • A wide range of auction types and flexible options - that can even work when you only have one supplier

Download the factsheet now to learn more.

Integrate For Even Better Results