Reverse auction software
that delivers real savings.
From 100,000+ sourcing events across infrastructure, chemicals, automotive, manufacturing and services - in India, USA, the Middle East and Malaysia.
What is reverse auction software?
Reverse auction software lets suppliers bid against each other online for your order. Prices fall as suppliers compete, and you see every bid live.
- Collect quotes and qualify your suppliers.
- Set the rules: ceiling price, lots, timing and what suppliers can see.
- Suppliers bid live from any web browser.
- Review the bids and the audit trail, then award the order.
Not all auction platforms are built equal.
The difference between 8% savings and 18% savings is platform depth. Krinati powers enterprise-scale auctions for large-cap companies and growth-stage businesses alike - with capabilities most platforms simply don't have.
Works on any device. Suppliers participate at no cost. A reverse auction can be set up and run within two hours of deciding to do so.
Enterprise-Scale Performance
Up to 200 lots, 5,000 line items, and 60+ concurrent suppliers per auction - without performance degradation.
Seamless ERP Integration
API-based integration with any ERP. Import PRs, run RFQs, push award scenarios back for PO generation.
Proven Across Categories
100,000+ events across commodities, metals, insurance, logistics, capex and services in four geographies.
Global Supplier Access
Multi-currency bidding, multi-timezone display, and cloud access for suppliers worldwide.
Five features that separate good auctions from great ones.
Supplier-Specific Ceiling Prices
Set individual ceiling prices per supplier based on their RFP quote. Capture the full identified savings - no blending, no leaving money on the table.
Multi-Attribute Bid Transformation
Automatically weight technical competence, quality certifications, delivery terms, and payment conditions into each supplier's competitive rank. The logic stays invisible to suppliers.
Flexible Auction Formats
English reverse and Dutch reverse auctions for procurement. Forward auctions for scrap or asset sales. Choose the format that fits your category.
7 Competitive Feedback Modes
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.
Supplier-Friendly Interface
Critical bidding information with zero to minimal clicks. Lower cognitive load under time pressure means more competitive participation - directly impacting your final price.
Platform guarantees
- Uptime SLA
- 99.5%
- Max lots / auction
- 200
- Max line items
- 5,000
- Security certification
- ISO 27001
Watch competitive pressure drive prices down in real time.
Industrial Lubricants - Lot 1 of 3. Five qualified suppliers, English reverse format, Rank + Best Bid feedback. Every bid is timestamped and held in a full audit trail.
Seven ways to control what suppliers see.
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 |
Where reverse auctions deliver proven results.
A category is a good auction candidate when:
- Competitive market with 3+ qualified suppliers
- Well-defined, measurable specifications
- Non-proprietary, non-commodity category
What you actually gain.
Save Time
Complete negotiations in hours instead of weeks. Automated bid collection, comparison, and ranking eliminate manual work across every event.
Enhance Transparency
All suppliers see the same rules. Every bid is timestamped, recorded, and available in a full audit trail for compliance and governance.
Achieve 8–18% Cost Savings
Industry-proven results across amenable categories. Supplier-specific ceiling prices ensure you capture savings identified during the RFP stage.
Strengthen Supplier Relationships
Transparent, rule-based process builds trust. Multi-attribute evaluation values quality and capability - protecting your strategic supplier base.
What do our customers say about Krinati?
What stands out most is the reliability of the platform. In the 3+ years we have been working together, across a large number of RFPs and auctions each year, we have not experienced a single event-day failure. That level of dependability has given our team the confidence to run critical sourcing activities efficiently and without disruption.
Krinati’s managed services model has helped streamline the execution of complex buy-sell programs. From supplier training to execution and review, the approach has consistently delivered smooth implementation and reliable outcomes.
Questions buyers actually ask.
Are there any costs for suppliers to participate?
No. Suppliers participate at no cost. There are no subscription fees, transaction fees, or platform charges for suppliers. Krinati's model is buyer-side only.
Do suppliers need to install any software?
No. Krinati is securely hosted on AWS cloud infrastructure. Suppliers need only a stable internet connection and any device with a web browser - desktop, laptop, or smartphone.
How easy is it to onboard a supplier on the platform?
Very easy. Krinati has a simple interface for onboarding new suppliers. A supplier can sign up to take part in an auction in less than a minute, with no software to install.
What's the minimum number of suppliers needed?
While auctions can technically run with 2 suppliers, 3–5 qualified suppliers create optimal competitive tension. With 6+ suppliers, competition becomes robust. The quality of supplier interest matters more than raw count.
How quickly can a reverse auction be set up and run?
A reverse auction can be conducted within two hours of deciding to do so - provided pre-bids from suppliers have been received, analysed, and suppliers qualified. Training new suppliers on how the auction works takes 2–4 hours depending on group size.
What cost savings can I realistically expect?
Typical savings range from 8–18% depending on market competitiveness, quality of your pre-auction RFP process, number of qualified bidders, and category characteristics. Fragmented supplier markets and clear specifications tend toward the higher end.
How do I handle technical evaluation?
Complete all technical evaluation before the auction. Only technically qualified suppliers should be invited to bid. For scenarios where technical factors vary, use Krinati's multi-attribute bid transformation to automatically weight technical scores into the competitive ranking.
Can Krinati integrate with our existing ERP?
Yes. Krinati offers API-based integration as well as Excel import-export with any ERP system - for automated master data syncing, purchase requisition import, RFQ execution, and pushing award scenarios back to your ERP for PO generation.
Can we run auctions with international suppliers?
Yes. Krinati supports multi-currency bidding, multiple time zone displays, and global supplier access via cloud infrastructure. Krinati has facilitated auctions with suppliers across multiple countries for customers in India, USA, Middle East, and Malaysia.
What if a supplier's internet drops during bidding?
Krinati's platform automatically saves the last submitted bid, allows suppliers to reconnect and resume bidding immediately, and maintains full bid history to ensure no unfair advantage. For critical auctions, we recommend suppliers have a backup internet connection.
Can reverse auctions damage supplier relationships?
Not if managed properly. Krinati helps maintain healthy supplier relationships through transparent, rule-based processes, multi-attribute evaluation that values quality, supplier-specific ceiling prices that recognise RFP efforts, and post-auction debriefs.
Buying for the first time? Read the enterprise buyer's checklist for reverse auction software.
Don't have the team to run auctions yourself? Krinati's managed services team can run them for you. See managed services.