Reverse Auction Software
Since 2003, Over $1 Billion in Savings Generated on K2 Sourcing's Platform.
Capture more savings and value from your suppliers with K2 Sourcing’s award winning reverse auction software. Discover if you qualify for a proof of concept risk-free managed reverse auction and start maximizing your strategic sourcing savings.
Real-Time Online Negotiations Push Savings Higher
By letting suppliers bid against each other in real time for your business, you can drive costs down and find the most competitive deals.
Save, Save, Save, then Save More
As compared to traditional negotiations, reverse auctions for strategic sourcing generate 10% to 15% greater savings than spreadsheets, documents, and talking.
The benefits of reverse auction software goes beyond savings and includes:
Time savings compared to traditional procurement methods
Greater transparency in the procurement process
Ethical as all information is shared to all suppliers at the same time
Cost savings beyond what normal negotiation methods can capture
Automated data analysis for fast decision-making
Avoiding the anxiety many people feel when negotiating
A fantastic method of fighting inflation
Better qualified suppliers using K2 Sourcing’s built-in auction prequalification process
Why K2 Sourcing?
Rapid Deployment
Since 2003, companies have been beating their savings goals by using the K2 Sourcing reverse auction and forward auction application. It is known for being very easy to deploy and use, extremely fast to implement, and splendidly supplier friendly.
Enhanced Security
The reverse auction software is very reliable and secure. Uptimes are over 99.9%, it is fully encrypted, our server is SOC2 compliant, the application is mobile friendly, and is hosted on one of the most recognized and respected platforms in the world.
Better Stakeholder and Supplier Engagement
Need suppliers? We have global supplier lists available. Additionally, our team knows exactly what to say and what not to say to build supplier engagement. You do not have to worry about damaging supplier relationships because of a poorly handled support call.
Fast, Helpful, and Warm Support From Sourcing Experts
Next, our support is unparalleled. Like you, K2 Sourcing team members are strategic sourcing experts. They have run thousands of reverse auctions. Our team will teach you how to set up and run the events yourself, or we will run them for you as part of our strategic sourcing service offering.
Risk-Free Managed Reverse Auction
Take the first step toward savings with a risk-free, fully managed reverse auction by K2 Sourcing. Together, we’ll identify a category likely to deliver results. Our team will facilitate the entire auction including set up, training, auction management, and reporting. If we don’t save you at least twice the cost of the auction, you don’t pay. It’s a no-risk opportunity to experience the value of reverse auctions. Contact us to see if your category qualifies.
Have a question about our sourcing services or application? Give us a call or fill out the form and we’ll be in touch shortly.
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+1 (877) 824-9809