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Dutch auctions

By registering on Buylow, your online dutch auctions system, you will have an auction on BuyLow free available. You can use it to try the service or to supply a real need. To begin you must enter the system vendors that will invite the auction, possibly categorized. This will make it easier to ask such as suppliers of computer products in an auction for the purchase of laptops.

By signing up on Buylow, the site specialized in dutch auctions, you will receive complimentary auction at your disposal. You can use it to try the auction management service or to a real need for an auction purchase. To activate the web e procurement system and really start the cost reduction on purchase you must insert the suppliers that you want to invite to the purchase auction, better if divided by category. This will make it easier to invite such as suppliers of IT products in an auction for the purchase of notebook.

Mode of auction

The auctions will be played in 4 different ways:

• Dutch auction indicating the lowest price: start from the starting price set and suppliers can bid lower. The supplier is made aware of what is the lowest price.
• Dutch auction position indicator: start from the starting price set and suppliers can bid lower. The supplier is made aware of what is his rank, but not of the amount of the best deals.
• Reverse dutch auction: start from the starting price set and every n seconds the price goes up one step x. N and x parameters are set when the auction is inserted. The first vendor that accepts the amount reached wins the auction.
• Race offers reserved: each supplier can enter and correct their offer, without ever knowing its ranking.

To learn more about our online dutch auction click here!