Reverse Auction / eAuction Software
Reverse Auction and eAuction Software
Drive competitive bidding. Win better outcomes.
Run reverse auctions and other competitive bidding events inside a connected sourcing workflow. Increase supplier competition, speed up decisions, and award with confidence.
Events into competitive bidding
Real-time bidding, full visibility
Automatic ranking & rounds
Award the best supplier faster
Auction: Office SuppliesLive
Time Remaining00:07:32
DashboardRound ViewBidsSuppliersActivity
Suppliers Participating8
Current Best Bid$24,350.00
Bids Submitted32
Rounds4 of 6
Live Auction ProgressRound 4 of 6
Current Ranking
| Rank | Supplier | Current Bid | % from Leader |
|---|---|---|---|
| 1 | Alpha Supplies | $24,350.00 | — |
| 2 | Global Solutions | $24,980.00 | 2.59% |
| 3 | Prime Partners | $25,410.00 | 4.35% |
| 4 | Summit Corp | $25,890.00 | 6.32% |
Activity Feed
- New bid from Global Solutions · $24,860.0010:24 AM
- New bid from Prime Partners · $25,410.0010:22 AM
- Round 4 started10:20 AM
Office Supplies RFPs
5,260
MRO RFPs
3,118
Janitorial RFPs
1,904
Safety & PPE RFPs
2,441
IT Hardware RFPs
1,842
Lab Supplies RFPs
906
Furniture RFPs
712
Software & SaaS RFPs
1,356
Facilities & Maintenance RFPs
1,528
Professional Services RFPs
987
Logistics & Freight RFPs
1,203
Marketing Services RFPs
654
Telecom & Connectivity RFPs
841
Fleet & Vehicles RFPs
439
Packaging RFPs
568
Construction & Trades RFPs
1,077
Competitive bidding, built into your sourcing process.
Turn qualified suppliers into real competition. Prokurit’s eAuction tools help you get the best possible
price and terms—without the manual effort.
price and terms—without the manual effort.
1. Qualify Suppliers
Invite and pre-qualify the right suppliers
2. Launch Auction
Define rules, timers and bidding format
3. Live eAuction
Suppliers compete in real time
4. Evaluate Results
Automatically rank and compare bids
5. Award
Award to the best supplier with ease
Real-time bidding. Total control.
- Live, real-time bidding with instant updates
- Customizable auction settings and rules
- Automatic extension to drive more competition
- Multi-round auctions with full transparency
- Mobile-friendly experience for suppliers
- Complete audit trail of every action
Live Bidding RoomOffice Supplies eAuction
Auction Details
- Auction Type
- Reverse Auction
- Start Time
- 10:00 AM ET
- Round
- 4 of 6
- Time Remaining
- 00:07:32
- Extension Rule
- 2 min
- Decrement
- $100.00
Top 5 Bids Over Time
Current Best Bids
- Alpha Supplies$24,350.00
- Global Solutions$24,980.00
- Prime Partners$25,410.00
- Summit Corp$25,890.00
- Best Office Co.$26,150.00
Seamlessly connected to the Prokurit platform
Auctions don’t live in a silo. Move from sourcing to auction to award—then into contract and
purchase—without rework or disruption.
purchase—without rework or disruption.
Sourcing Event
eAuction
Evaluation
Award
Contract
Purchase
Prokurit supports a full range of auction formats and mechanics beyond reverse auctions—see the complete picture.
Trusted by procurement teams who run better events
Stronger competition, more winning outcomes
Faster decisions with real-time bidding
Full transparency and auditability
Frequently asked questions
Yes. Prokurit supports reverse auctions (also called eAuctions)—competitive, real-time bidding events where suppliers compete on price inside a connected sourcing workflow.
"Reverse auction" and "eAuction" describe the same core capability on Prokurit—competitive downward-price bidding among suppliers. Buyers use both terms interchangeably, and Prokurit supports both.
An eAuction is one configurable event type in Prokurit's sourcing workflow—qualify suppliers, launch the auction, run it live, evaluate results, and award, all connected to the same supplier and sourcing records.
Yes. Prokurit supports a full range of auction formats and mechanics beyond reverse auctions. See our complete auction capability page for the full picture.