How it works
Bestauction.com works as a neutral conduit between you and the vendors.
We do not guarantee any contract nor delivery of items.
Define the subject of your interest
Define your requirements precisely. Do your homework and describe the key parameters of the subject you intend to buy. Configure timeline, region and specific criteria of eAuction in the Bestauction.com
Define selection criteria
Do you only look for the lowest price or are there any other parameters that you expect to be met? Our system can handle multi criteria selections.
Invite suppliers or publish an eAuction
Make a list of potential bidders. Invite them by e-email – Bestauction.com users, or make your eAuction public to enable world-wide partners find your inquiry. The Bestauction.com works as a neutral conduit between you and the vendors, gauging vendor interest, reminding vendors of all milestone deadlines.
Watch the proposals, automatically evaluated
Before your eAcution starts, there is limited time period called RFP – Request for proposals. During this period (hours, days, weeks) bidders will place their proposals into your auction room. Allowing only the best continue to the realtime eAuction.
Run the eAuction, wath the bids
Reverse auction creates a dynamic, competitive pricing environment for your real-time purchase versus the “one bid per vendor” format. Only invited and approved bidders can begin bidding. Bestauction.com provides you with all the key information during the bidding process in real-time.
Best offer found! You will be delivered wih a detailed overview immediately after an auction ends. Our bid report enables you to award faster, with the confidence of a transparent purchasing environment. Bestauction.com expedites buyer-supplier communication, to achieve shorter award times and greater efficiency in your purchasing process.
The Top 7 Benefits using eAuction
Available in cloud, accessible anytime & anywhere using web browser. No painful integrations.
Buyer chooses running an eAuction in private or public mode.
Real eAuction with professional B2B features
Automated proposals evaluation
Fully supports digital communication between buyers & suppliers
Easy to use. Latest technology, secure & reliable solution
32% average cost reduction!