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.