Industrial Auction

Industrial Auction is a powerful auction engine that helps buyers execute online sourcing projects such as surrogate bidding, reactive auction monitoring, enforcement of event rules, pausing, extending and resuming events, bidder and bid removal, and messaging management.

Organizations can make use of the engine to set up and administer auctions (both forward and reverse), creating auction policies and shipping options. The auction can be set up to cater for multiple bidding rules such as 'Dutch' and 'British' types. The process is real-time in nature.

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