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 Auction For Procurement

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.