Online Reverse Auction and e-Bidding Services
Drive Competitive Pricing Through Structured Online Bidding.
Run online reverse auctions with multiple qualified suppliers, clear bidding rules and offers you can evaluate side by side.
Capabilities
- Multiple suppliers participating in one auction.
- Scheduled future bidding events.
- Configurable bidding duration.
- Minimum bid decrement rules.
- Automatic time extensions.
- Secure supplier submissions.
- Live auction countdown and bidding status.
- Bid history and audit trail.
- Bid comparison and downloadable reports.
- Buyer-controlled supplier selection and award decisions.
Buyers create events in the e-Bidding portal; each event is reviewed by Philsupply before invited suppliers can see it. Invited suppliers sign in to confirm participation and bid live.
New to online reverse auctions? Open the e-Bidding training guide — a step-by-step walk-through of the whole process using demo accounts.