Online auction systems for all types of businesses

E-procurement

Red2 auction provides a customisable e-procurement environment that delivers on the promise of lower procurement costs.

Reverse auctions creating a competitive environment in which buyers realise a saving on procurement needs by enabling suppliers to bid electronically. Typically an e-RA (electronic Reverse Auction) provides a 8 - 24% saving compared to a more traditional procurement model.

Reverse auctions enabling purchasing requirements to be listed by either a single business or a collection of businesses on a single portal. Suppliers are then able to competitively bid on the requirements (services, products and commodities), in a reverse auction approach (i.e. the lowest bidder wins). Red2 auction supports the straight forward reverse auction model, but also provides a e-tender hybrid. The principle is very similar to a reverse auction; the poster of a specific requirement is able, at the end of the auction, to select the supplier who is best suited to the requirement in hand. This may not, always, be the lowest bidder. Whatever your e-RA or e-Procurement needs, Red2 auction can customised to your requirements, and integrated into your existing procurement systems and process.

• Secure environment to publish tenders, invite suppliers and manage client-supplier relationships
• Graphical display of bidding and real time metrics.
• Reverse auction model (where the lowest bidder satisfies a tender)
• Tender auction model (where pricing may not be the only consideration in the buying decision)
• Transparent and fully auditable
• Suitable for service, product and commodity procurement
• Grouped or individual procurement lot packaging