online auctions provides for a comprehensive, auctions solution

Products and Solutions

Online Auction

Virinchi Online Auction
Virinchi online auctions provides for a comprehensive online auctions solution with facilities for both forward and reverse auction to be posted of the following types

  • English
  • Dutch
  • Yankee

The following are the features available

  • Public and Private Auctions
  • Open and Sealed Bids
  • Proxy Bidding
  • Hot Picks

Auctions can be posted by buyer (Reverse) and supplier (Forward) companies inviting bids for sale or purchase of material respectively.

The integration of Auctions results with the Purchase Order module enables the buyer to view a PO proforma generated by the system with the details of the auction result, which can be sent to the supplier as a purchase order for resulting bid in both Reverse and Forward auctions.