QAD’s business-to-business applications suite will enable companies to run online reverse auctions, even in different languages and currencies.
The application sends e-mail requests for quotes to a pre-determined exchange membership list, inviting participants.
Suppliers log on to the eQ system and fill in a sales-quote form to indicate quantities, availability, and pricing.
With open bidding, manufacturers can allow competition to drive down costs. After the reverse auction is completed, eQ will automatically send the order to the most competitive bidder.