Reverse Auction

Make your suppliers race against time

How it works?

Reverse Auction is the most known and preferred auction type among the society. It is easy and comprehensible to the suppliers due to its simple rules and nature.

Reverse Auction

Basic Auction Rules

Auction rules are the characteristics that determine the purchasing strategy and the competitive environment. Examine the rules of the Reverse Auction and decide whether it fits your strategy.

Lowest Bid

The lowest bid (up to 4 bids) is visible to all suppliers.


Suppliers do not see their ranking. This way, they reduce their bids according to the lowest bid.

Automatic Time Extension

Automatic Time Extension occurs if the bid ranking changes below a time limit set by the buyer. This way, sustainability in the competition environment is achieved.

Addable Auction Rules

By adding different rules to your auction, you can customize your purchase, collect different information from suppliers and increase your savings.

Auto Starting

The Auction starts automatically when the start date arrives.

List Price

You can present the items with a list price to your suppliers. Bids over the list price get marked red as a warning on the supplier's screen. However, such bids cannot be blocked.

Item-Based Delivery Date

Allows suppliers to specify a delivery date on an item basis at the time of bidding. In this way, you can also consider the delivery dates, not just prices, when comparing your suppliers.

Bid Increase Limitation

You can prevent suppliers from increasing their current bids.