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Online Auctions made simple, effective and accessible

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What we do

eTrade Procurement is a reverse auction platform that helps drive down prices. Also known as e-auctions and online auctions, reverse auctions are an internationally proven purchasing method where suppliers compete to negotiate the purchase price. Reverse auctions are commonly used to complement other purchasing methods and can be used to buy a wide range of products and services. Read More

Why online auctions?

Reduce Costs

Proven to deliver substantial cost savings

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Streamline processes

Negotiation process is paperless and transparent

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Save time

Multi supplier bidding in real time for fast, effective results

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Our Solutions

Ranked Auction

A vendor can see only their ranked position based on their $ bids placed, and can place multiple bids.

Open Auction

The vendor can view their $ bid and the ranked position of all auction participants and can bid numerous times to compete.

Sliding Auction

The purchaser sets the opening price that reduces in set increments, with each vendor allowed only one bid.

Tender Auction

Vendors can place a single bid prior to the deadline date set by the purchaser.

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How it works

Our solutions are delivered straight to your work stations or mobile device and are
supported by our team of experts. Watch the video below to learn more.

The Obvious Choice for Smart Buying

SIMPLE

We have taken the proven method of reverse auctions and made it simple.

  • easy to use
  • minimal training required
  • complements other systems

EFFECTIVE

Leveraging the negotiation process to reduce costs and save time.

  • helps drive down costs
  • streamlines processes
  • encourages best buying practices

ACCESSIBLE

There is a minimal financial outlay and is accessible at all times.

  • low risk and secure
  • integrated reporting & analysis
  • mobile compatible
  • for companies of all sizes

Blogs

Going Digital

Going Digital: How To Keep Procurement Simple

A look at the 2019 Deloitte Chief Procurement Officer Survey. Since 2011, Deloitte has been providing expert
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Six Reasons Transparency

Six Reasons Transparency is Crucial in Positive Negotiations

Smarter procurement is transparent procurement. At eTrade Procurement we believe that transparency is vital
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Our Journey so Far

With last week’s launch of eTrade Procurement, New Zealand, and the world has an exciting new platform to give procurement professionals a competitive edge.
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