Online platform enabling buyers to meet or invite suppliers to private or public e-Auction. Our users get a 32% cost reduction when tendering items or services using e-Auction. We provide users with lists of global suppliers, their industries and location.
bestauction.com is a digital platform designed for individuals and SMB’s to manage the procurement process. Our platform helps to buy and sell goods & services faster and more efficiently. Using Bestauction.com, our users can easily initiate digital collaboration with new suppliers and partners around the world.
Buyers view reverse auctions as “a time-saving tool” that helps them to focus on more value-added functions in their jobs that handling bids, paperwork, and routine communications. One of the principal differences and advantages of reverse auctions – over other procurement and negotiation methods – is time.
The days of emailing procurement forms have ended. One of the key future trends will be corporations setting up their own B2B eCommerce platforms. This also brings into play an opportunity to serve small-to-medium enterprises (SME’s) . We provide the unique SaaS platform bestauction.com – perfect tool for the reverse auctions.
As long as the buyer has a pool of qualified suppliers that are willing to participate in a reverse auction, the price disclosure will drive the price lower. It is the power of the market and competitive bidding, not the buyer bullying the vendor that drives the pricing lower. Suppliers then respond to bidding signals and adjust their pricing lower accordingly. This is the power of competition.
Deliver rapid cost savings and improve productivity using fully automated online auctions.
Bestauction automatically evaluates the offers and indicates the best offer available using complex AI algorithm.
Identify new suppliers and manage quick vendor onboarding.
„Simple to use and intelligent than you can imagine. We procure any items or services with bestauction now. A really helpfull and cost saving tool.“
„I searched for the building contractors and they’ve delivered in a few seconds in my area. I’m actually astonished at how quickly bestauction helps me to get results. Furthemore, using bestauction I’ve been able to get considerable price discount for building materials without a need going anywere to negotiate.“
„We actively use the online reverse auction for product procurement , and in turn, we get the benefits in terms of more efficient and transparent purchasing process.“
