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News ....

April 18th - 2019

Starting now Company main users can transfer credit (Tokens) to other users. This facilitates that only one User purchase tokens for all Company buyers

 

October 20th - 2016

Reverplace starts a project to facilitates the creation of reverse auctions for a listing of items or Lots with parts. The goal is to make easier the creation of auction with multiple elements and different purchasing quantities by month or year.

Given the fact that supplier offers are made in one field (required due to process speed), it is neccessary to create a training document for buyers and suppliers that helps to determine the price calculation schema for unitary prices at the end of the auction.

 

Septiembre 10 - 2015

Reverplace explores worldwide market with the new site in english.

 

Reverplace Auctions

Reverplace offers the most powerful online service of Reverse Auctions to buyers who are willing to obtain the best price for acquisition of goods or services, inviting sellers to compete for a business on the Web during a predetermined period of time.

Essentially, .... buyers publish on the Web Specs and Conditions of what they intend to buy, ... and then,  ....

Suppliers or Vendors, invited by the buyer, will compete during the established time for the auction. Offers made will be showed ranked ascending online (lowest up).

Once the auction timer goes to end, the lowest price offered by a seller will be considered by the buyer.

Simple Steps

Buyer

Register Buy Tokens Open Auction Invite

 

Supplier

Gets Invitation Register Participates on Auction

Obtain savings with your purchases ..... use Reverse Auctions!

Buyers at Reverplace

As Buyer, the best way to obtain the lowest prices on a deal is, without doubt, making compete the suppliers for the deal on a bid. This is the core purpose of reverse auctions .. getting savings for you. Reverse auctions are perfect for the acquisition of specific goods or services purchased during a period of time (blanked orders for goods and services). The main motivation on reverse auctions is the attainment of savings, since characteristics of items/services are well defined and the quality should be controlled by buyer during the agreed supply period. Register and participate as buyer. Important: Opening auctions require credit (Tokens).


Buyers define by means of a specific reference (Part Number / produtc Ref) or with help of a detailed description, what they intend to purchase, placing this information on a simple form, including purchase conditions like: Delivery place, delivery time, payment conditions, packaging, general terms and conditions, etc... and then,.. buyers invite suppliers to a reverse auction, where they underbid trying to get the deal.

Terms and Conditions of every auction are always determined by the buyer in the opening form or with an additional document accesible for all suppliers invited to the auction. They are sometimes simple like: "Payment terms 30 days net invoicing" or much more complex for big deals including Credit conditions, insurance bonds, warranty terms, quality standards, technician certifications, etc...

Buyers also are responsible for giving enough instruction to suppliers invited to the auctions, assuring that their offers will be in accordance to the terms and conditions requested.

Suppliers preparation

Suppliers have to be prepared to bid against other potential suppliers, reviewing in advance and thoroughly all specs and conditions of the bid, in addition to the required cost calculation, and assuring all the time, that the bidding process don't put in danger the resources of the company they are representing. Successful suppliers of reverse auctions are good prepared, with bullet proof and dynamic spreadsheets that can produce ONE (1) single value to be used in the auction with each bid, and know precisely the lowest bid they can do (the economical lowest offer), without sacrificing required quality.


Suppliers who review closely their own supply chain and its cost composition will always have an advantage bidding on reverse auctions.

 

Specific items with large volume sales (supplies / consumables), or long contract periods (services) with low margins, are the cases where suppliers need to be very precise on calculations, reviewing the whole supply chain.

Key elements to be reviewed by suppliers on a reverse auction:

  • Review the whole supply chain backwards (including their own suppliers and manufacturing processes)
  • Precise cost calculation.
  • Definition of the lowest economical limit for the auction.
  • Marketing of products with auction owner (buyer) previous to the auction.
  • Be conscious of the fact that competitors will offer the same exact product and the deal driver is mainly the lowest price.

Easy Instructions

In Reverplace you can be buyer or seller.

 

Any person registered can open a reverse auction to buy specific goods or services. However the auctions at Reverplace are not Public. Therefore, in order to participate on a reverse auction as a supplier by Reverplace, it is required for this seller to be invited by owner of the auction (the buyer). Buyers on the other side, need to have credit (Tokens) to be able to open an auction. Tokens can be purchased via PayPal or credit card on a secure connection, and the majority of auctions will require only one Token to be opened. One Token investment value = USD 10.


The first step is to get registered in Reverplace. Buyers can act in the name of companies, but it will be the responsibility of SELLERS to check the existence of this liaison Buyer (Owner of auction) with Representing Company at the moment they receive the invitation to the auction. Buyer is also clear about who invites, and which company the seller represents.

Buyers will issue for every auction Terms and Conditions (T&Cs) that sellers will read and accept before entering the auction.

Auctions can finish with a buyer/Company purchase commitment (decisional auctions), if Ts&Cs indicate this automatic decision; or they can be used as tool to obtain the lowest quote of a good or service (RFQ auctions), that later could be transformed in a purchase order (PO) or a contract.

Companies of an important size require to do RFQ-auctions in order to obtain the best price(s), and then buyers proceed to issue the corresponding purchase order in the ERP system for its approval. Awarded supplier will get the PO once approved.