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E-Auction System
PRM360 is a highly effective Real-Time E-Auction Procurement Tool that supports e-bidding & negotiation with various auction types to maximize profits such as Reverse auction, Logistic Auction, Forward Auction, and many more.
Reverse Auction
Finding the right prices of goods and services is the utmost concern for any procurement firm, and this is when PRM360 reverse e-auction can help. We offer reverse e-auction services that can help you procure goods at the best price, thus impacting the bottom line. Our reverse e-auction engine caters to different auctions such as sealed bid e-auction, price e-auction, and rank e-auction.
PRM360 reverse e-auction algorithms evaluate your spend category and determine its suitability for the reverse auction process. The solution validates your supplier list and creates bid strategies based on the category sourced. Our intuitive reverse auction tool is robust and allows you to easily set up, organize the entire reverse e-auction event and virtually manage any bid template from standard commodities to formula-based purchases.
PRM360 reverse auction tool features multilingual & multi-currency support, dynamic web forms, and role-based dashboards that make the maximum impact on your bidding process.
Logistic Auction
There are many challenges such as supplier risk, market volatility,customer satisfaction, and logistics management when it comes to procurement. With PRM360, managing logistics can be made a lot easier. We offer end-to-end logistics management solutions that can drive efficiency across the value chain by optimizing inventory, cutting costs, and increasing profits.
Our best-in-class processes and tools can help streamline and automate the entire logistics cycle, from freight route to quality control, ensuring compliance to generating invoices. Our solution can help you reduce logistics spending, meet service goals, eliminate capacity constraints and boost performance.
Forward Auction
When it comes to selling, reaching out to potential buyers and getting the unbeatable price for the product/service is what every seller needs. PRM360 forward auction mechanism can help you get the maximum returns in the shortest time. Our solution is packed with various event types document tracking, inbuilt messaging and more that help you sell your product quickly and easily.
Our intuitive dashboard, auto-extension support, detailed reports, and analytics helps you manage risk, maximize profits, reduce inventory costs, and reach new markets quickly. The solution allows you to negotiate with the buyers, thereby better closing deals with multilingual and multi-currency support. With our comprehensive forward auction service, you need not install any hardware or software; we will run the entire event for you without any hassles.