Category Managers
Run competitive events on high-value and high-volume spend.
An eAuction platform for
platform for
forward and reverse auctions.
Procbay's eAuction platform runs forward and reverse auctions with configurable bidding rules and real-time visibility, so procurement turns supplier competition into measurable savings on high-value and high-volume categories.
Built for
competitive,
high-value sourcing.
Procurement Leads
Capture savings through structured competition.
Suppliers
Bid transparently in real time.
Finance
See savings realized against baseline.
Turn supplier competition into measurable savings.
One timed event replaces weeks of sequential negotiation, transparently and on your rules.
Savings through real competition
Live bidding drives prices down transparently.
More control over the event
Configurable rules, timing, and visibility.
Faster than round-robin negotiation
One event replaces weeks of back-and-forth.
Fair and transparent
Suppliers compete on clear, consistent rules.
Works for many formats
Forward and reverse auctions across categories.
Provable outcomes
Savings measured against baseline automatically.
From setup to awarded PO, in four steps.
Set up the auction
Rules, lots, and timing.
Configure a forward or reverse auction with lots, start prices, and bidding rules.
- Forward and reverse formats
- Configurable bidding rules and increments
- Lot- and line-level setup
AI enriched
98% match
Raw request → structured demand
Detected categoryIT · Software
Spend typeOpex · Subscription
Risk tierLow
Missing
fields0 remaining
Invite suppliers
Qualified and ready to bid.
Invite pre-qualified suppliers and brief them on rules and timing.
- AI-recommended supplier shortlists
- Controlled access and briefing
- Pre-bid clarifications
Auto-routed to
Catalogue buy → Manager approval → Procurement queue
Policy checkPassed
Budget checkWithin
limit
ApproverFinance
owner
NextReady to source
Run the event live
Real-time competitive bidding.
Suppliers bid in real time with live rank and visibility per your rules.
- Live bidding and rank visibility
- Anti-sniping and extension rules
- Monitoring dashboard for the buyer
Request #INT-2041
In procurement- SubmittedDay 0
- ApprovedDay 1
- Owner assignedProcurement · Alex
- Next stepSource suppliers
SLA
2 days in stage · On track
Award & convert
Close the loop to PO.
Review outcomes, award, and generate purchase orders directly.
- Outcome comparison and award
- Award → PO conversion
- Savings measured vs baseline
Sealed quotes hide value. Live auctions surface it.
Here is what changes when competition runs in real time.
Procbay
Email / Sealed-bid Negotiation
Live and transparent bidding
Competition
Sequential and opaque
One timed event
Speed
Weeks of back-and-forth
Forward and reverse auctions
Formats
Single-round quotes
Configurable and enforced
Rules
Ad hoc
Real-time rank
Supplier visibility
None
Measured vs baseline
Savings
Estimated
Linked to PO
Award
Manual re-entry
Full bid trail
Auditability
Fragmented
Features built for competitive auctions
The mechanics that turn competition into savings, out of the box.
Forward & reverse auctions
Multiple formats for different categories.
Configurable bidding rules
Increments, extensions, and visibility controls.
AI supplier shortlisting
Recommend qualified bidders from your base.
Live monitoring
Real-time rank, activity, and event dashboard.
Award-to-PO conversion
Turn outcomes into purchase orders directly.
Savings measurement
Outcomes benchmarked against baseline.
What
live auctions delivers
5–12%
5–12% sourcing savings impact
Real-time competition improves pricing.
90–100%
Weeks of negotiation compressed to one event
A single timed auction replaces sequential rounds.
20–30%
20–30% more supplier participation
Transparent, structured events lift engagement.
6–8 months
Savings measured against baseline
Outcomes benchmarked automatically.
AI that makes auction outcomes clear and defensible.
The Bid Analysis Agent structures and scores results the moment an event closes.
Parses bids and outcomes into structured comparison data
Scores price, terms, delivery, and risk together
Supports scenario evaluation before you award
Frequently asked questions
Quick answers about how Procbay structures intake, routes demand, and connects teams from request to procurement.
An eAuction is an online, timed bidding event where suppliers compete in real time. Procbay supports forward and reverse auctions with configurable rules.
In a reverse auction, suppliers bid prices down to win procurement’s business. In a forward auction, buyers bid up for goods being sold. Procbay supports both.
Real-time, transparent competition pushes suppliers to their best price within one event, typically delivering more savings than sequential negotiation.
These rules automatically extend an auction when a late bid arrives near closing, keeping the competition fair and preventing last-second sniping.
Only pre-qualified, invited suppliers can bid, with controlled access and a clear briefing on the rules.
Yes. All suppliers compete on the same configured rules, with real-time rank visibility as configured, and a full bid audit trail.
Auctions work best for well-defined, competitive categories with several capable suppliers. RFQs suit more complex or specification-heavy needs.
Yes. Outcomes convert directly into purchase orders, with savings measured against baseline.
See how Procbay turns competition
into savings.
Book a demo to see forward and reverse auctions with real-time bidding and award-to-PO conversion.