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Sourcing module

Let vendors compete live. Watch the price drop.

Invite qualified vendors to a live reverse auction and let them bid the price down in real time. Rank by L1/L2/L3, award on specifications - not just the lowest number - and export the full bid history.

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Live bid wall

A real-time leaderboard that updates as vendors bid.

Every bid lands instantly on a live wall ranked L1, L2, L3. Buyers watch savings build against the opening price; vendors see exactly where they stand. Auto-extend stops last-second sniping.

Real-time L1/L2/L3 ranking on a live wall
Auto-extend anti-sniping & optional reserve price
Live savings against the opening quote
Live auction · AUC-309 · 04:12 left
L1Bharat Steel Co.Qualified · ISO₹4,18,500▼ 8.4%
L2Metro FastenersQualified₹4,24,000▼ 7.2%
L3Apex ComponentsQualified₹4,31,200▼ 5.6%
Opening price
₹4,57,000
Current best (L1)
₹4,18,500
₹38,500 saved so far
Spec-aware award

Award on the best fit, with a defensible trail.

The lowest bid is not always the right vendor. Line every bidder up against your specifications - grade, tolerance, certification, lead time - and award on real fit. The decision and its reason are logged.

Compare bids against specifications, not price alone
Override L1 with a recorded reason when justified
Export bid history to PO in one step
Award · AUC-309
SpecificationVendor AVendor BVendor C
Material gradeEN8EN8EN1A
Tolerance±0.05±0.02±0.05
Certification-ISO-
Lead time21 d14 d10 d
Unit price₹248₹262₹229
DecisionAwarded

Vendor B wins on spec & certification - not the lowest price, but the right fit.

Capabilities

Everything in the reverse module

Live bid wall

Real-time L1/L2/L3 leaderboard that updates as vendors bid.

Auto-extend

Bids in the final minutes extend the clock - no sniping.

Reserve price

Set a hidden ceiling the winning bid must beat to award.

Spec-aware award

Compare bidders on specs and certifications, then award.

Vendor market

Invite from your shortlist or discover qualified vendors.

Export & convert

Export bid history, then turn the win into a PO.

In the loop

Where Reverse Auction sits

Sourcing turns approved demand into an awarded vendor - then hands off to the purchase order.

1

Requisition

Capture demand & approvals

2

Sourcing

RFQ or reverse auction

3

Award

Compare on specs, award

4

Purchase Order

Generate or upload PO

5

GRN

Goods receipt & QC

6

Invoice

GST-compliant capture

7

3-Way Match

PO · GRN · invoice

8

Payment

Tracked & compliant

Every highlighted stage is powered by Reverse Auction.
Pairs well with

Related modules

RFQ SourcingClosed + Open

Run closed or open RFQs, compare quotes side-by-side and award - with a built-in vendor market.

Explore

Requisition

Capture demand and route it through approvals - every request tracked from raise to release.

Explore

Procurement Execution

PO from templates or manual upload → GRN → invoice → automated 3-way match → payment.

Explore

Run your next category as a live auction.

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Pricing is tailored to the modules you choose - book a demo for pricing.
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