Forward Auctions:

Forward auctions or disposal auctions help companies to dispose of their unwanted machinery, scrap and non moving items. The auction process ensures that the bidders compete with each other through on-line. Due to a) participation of end users on most occasions, b) total elimination of cartel formation, price realization through our auction process will be fairly high when compared to physical / conventional auction process. The disposal items include Ferrous / Non-ferrous scrap, surplus inventories, components, used / unused / scrapped machineries and equipments, two / four wheelers, demolition assignments etc.

Reverse Auctions:

Reverse auctions or purchase auctions help the firms to plan their procurements in a cost-effective manner. Some of the items procured through on-line include cartons/packing materials, pens, stationery, steel and aluminium alloys, electronic components, batteries, paints and other MRO items, logistics management, job works etc. We have conducted more than 300 reverse auctions till date. The process is very transparent and ensures privacy amongst the customer and the bidders.

Total Disposal Management:

We are also extending total disposal management to our select customers and the scope under this area includes permanent posting our personnel at customer’s site to facilitate timely clearances besides determining prices through online at regular intervals depending upon the nature of the item.

Display Management:

With a view to cater to the needs of certain Public Sector Undertakings / Nationalized Banks who are supposed to release some statutory advertisements, we are also offering display services on our site for a pre-determined period. Besides a cost effective medium when compared to a release of an advertisement in a prominent daily, the customer also gets the following advantages:-

• The advertisement in a daily / magazine will appear for a day. Hence, wider reach amongst the target segment may not be possible all the time. However, we can display the matter for a longer period which will attract more parties.
• Considering the facts that our site is a prominent one catering to the industrial sector and the number of hits is high, the customer is likely to get the best price for his product or services.
• We can also render other value added services in this area which will ultimately enhance the existing process capabilities.