In contrast to a hard copy, fax, or even e-mail response to a
RFQ, in which the bidder makes a best-guess offer that is static
throughout the competitive bidding process, in online, real-time
reverse auctions a supplier can reevaluate and adjust a bid in
response to other bidders' offerings. Knowing what other bidders
are proposing adds transparency to the process that a closed or
sealed bid system cannot achieve. With access to real-time information,
suppliers can quickly respond to competition in a neutral space.
With Orbis Online's procedures, competitive bidders may see one
another's bids, but their identities are not revealed. Once the
procurement event is completed, the buyer may evaluate the bids,
weigh other variables to be considered, and then make the best
The SIBRO Plus Standard Reverse Auction can
be "injected" individually, or together with other SIBRO
Plus tools into any website, immediately branding to the look
and feel of the customer website.