InnovationHow auctions works

How auctions works

Using auctions for your procurement processes will save time and money for your company. If you are looking to purchase some goods, you only need to upload the information of the product you want and invite the suppliers to your auction. It will execute automatically and show you the price evolution for your good.

In the case you are a supplier, once you have been accepted to an auction, you will be able to update the price of your product in real time and see the price of your competitors to ensure you earn the contract for your company.

With Glopser solution and in less than an hour, both, supplier and purchaser, will have a final price and can continue with the procurement process.