HOW IT WORKS
Your On-Demand Reverse Auction Experts
at your service to guide the journey
TAKE THE TOUR
Consider Procurex your veteran “adventure guide” to the reverse auction process. Equipped with more than 15 years of experience in the field, we scout out the destination - the best price for the goods or services you need. And we guide you throughout the entire event.
From the very beginning, applying our expertise and knowledge, we can step in to identify the appropriate goods; recruit and train vendors; manage the entire bidding process; and host the auction event itself.
Here are the six main steps in our process:
Opportunity Assessment
We help you find goods and services that you were going to buy anyway and that would be a good fit for a reverse auction. To do this, we look at the size of your past purchase categories, items that have already been purchased and contracts that are coming up in the future.
Start your Reverse Auction Opportunity Assessment
Specification Development
We’ll help you define your specifications in ways that work for reverse auctions. The thread count on linens, the performance characteristics of computers or the frequency of security foot patrols. By focusing on your requirements, vendors must meet your terms.
Vendor Management
Maybe you have a list of vendors in mind. Or, maybe you need to add more to the mix. We will help you identify potential vendors, pre-qualify them for you and train them on the reverse auction process and platform. By the time auction day arrives, they will know how to login, how to use the platform and exactly what to expect from the experience.
Running the Bid process
We can manage the entire bid process on your behalf. We’ll post the bid in accordance with your guidelines, including a schedule of when, where and how vendors are to respond. During this phase, we also will ask vendors to submit an un-priced proposal. This is where you can start evaluating vendors on non-price factors such as service level, location or even available colors for a specific product.
Auction
On the day of the auction, our people host the online event for you. During the auction, we can be with you, physically on-site, or we can run it remotely. We manage everything, including technical support, any questions that may come up and any other detail to ensure a smooth event that nets you big savings.
Post Auction
After the auction, Procurex provides the buyer with a summary auction report, follows up with vendors to gather post-auction price details, answers outstanding vendor questions and helps finalize the contract between the buyer and the winning vendor.
Let’s start a conversation
We're ready to start today with an Opportunity Assessment. We’ll help you find your best bet for savings.
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