From 100,000+ sourcing events across infrastructure, chemicals, automotive, manufacturing and services — in India, USA, Middle East, and Malaysia.
The means to achieve strategic cost reduction is the platform depth. Krinati powers enterprise-scale auctions for large-cap companies and growth-stage businesses alike — with capabilities most platforms simply don't have.
Set individual ceiling prices per supplier based on their RFP quote. Capture the full identified savings — no blending, no leaving money on the table.
Automatically weight technical competence, quality certifications, delivery terms, and payment conditions into each supplier's competitive rank. The logic stays invisible to suppliers.
English Reverse (descending price) for procurement. Dutch Reverse (ascending price) for scrap or asset sales. Choose the format that fits your category.
Best Bid Only, Rank + Best Bid, Rank Only, Rank for Leader Only, Rank + Next Bid, Blind, and Traffic Light. Pick the strategy that maximises competitive tension for your category.
Critical bidding information with zero to minimal clicks. Lower cognitive load under time pressure means more competitive participation — directly impacting your final price.
| Rank | Supplier | Latest Bid |
|---|
Competitive feedback is one of the most powerful levers in auction design. The right mode for your category and supplier pool can meaningfully move the final price.
| Feedback Mode | What Suppliers See | Best Used For |
|---|---|---|
| Best Bid Only | Current leading price only | Commodities with price-sensitive suppliers |
| Rank + Best Bid | Their rank and the leading price | Standard reverse auctions — most common mode |
| Rank Only | Their position, no price revealed | Preventing anchoring in strategic categories |
| Rank for Leader Only | Leader sees rank; others see best bid | Creating asymmetric competitive pressure |
| Rank + Next Bid | Rank and the price they need to beat | Encouraging aggressive re-bidding |
| Blind / Sealed | No feedback at all | Sensitive categories; first auctions with new suppliers |
| Traffic Light | Red / Amber / Green indicator | Non-price-literate suppliers; training scenarios |
Krinati can have you live in one day. No software installation. Suppliers participate at no cost. Your first auction can run within two hours of deciding to go ahead.
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