What is Enggpro’s E-Auction Platform?
Blockchain-based fully automated electronic marketplace for buyers and bidders to build trust & confidence
Now selling and buying on Enggpro is more dynamic than ever – introducing Enggpro E-auction platform. We have developed the best e-auction platform that helps in the global procurement of the engineered products and materials, allowing you to sell or buy your products to customers at competitive prices.
It is an amazing way to engage new customers and make new business relationships. Moreover, it is a great way to negotiate with the sellers and earn more return on the investment. Using an electronic method of auction, you can source the right product and services from the suppliers and in a more effective and transparent means of shortlisting candidates and achieve rewarding contracts and purchase orders.
Enggpro offers you an ultimate forward auction platform allowing you to bid continuously on the items you are interested in. Also, it serves as a reverse auction platform for the sellers where a buyer can put in the need and quantity of the product, and sellers can bid on a selling price to attract more buyers.
Enggpro's E-Auction Platform is Hi-tech, Blockchain enabled, professionally managed online bidding platform.
Satisfaction
With market intermediaries excluded through e-auctioning, the buyers have received fair pricing for their produce. The transparent bidding process led to increased bidder trust and satisfaction.
Efficiency
Complete automation on the selection of right vendor and no scope for human error, which increased the overall efficiency.
Prompt Solution
The platform provides real-time and authenticated information to stakeholders. Real-time collaboration between buyers and vendors reducing the inventory.
Features of E-Auction Platform
Catalogue Management
With our E-Auction's Catalogue Management, any updates made to any catalog can be easily reviewed, approved or rejected before publishing.
Vendor Management
The vendor management is the easiest way to add, import and manage your vendor's by mapping them with appropriate categories and products.
Reverse Auction
Our reverse auction algorithms evaluate your spend category and determines its suitability for the reverse auction process.
Forward Auction
Our intuitive dashboard, auto-extension support, detailed reports and analytics helps you manage risk, maximize profits, reduce inventory costs, and reach new markets easily.
Spend Analysis
Our comprehensive spend analysis tools that helps you analyze the metrics and monitor the performance of various spending activities right from line item to enterprise level.
FAQ’s
Who can auction their products on Enggpro?
Any individual, organization, manufacturer, stockist, supplier, etc., can auction their products on Enggpro. All you need to do is signup on Enggpro, provide the necessary documents, product details and start selling through an auction conducted by Enggpro.
How do you get contact information?
Once you are registered on the platform, we would ask you for the contact information to establish the necessary communication. Email IDs, phone numbers, addresses, etc., are required to participate in the auction.
Are payments secure on the Enggpro e-bidding site?
Yes, the platform is secured online auction, built on modern technology such as blockchain that is known for security; your payment and personal information are absolutely secure on Enggpro.
Is there a minimum period of bidding on a product?
Yes, there is a minimum period to bid on the product, which is set by the seller.