Reverse auctions are an increasingly popular tool in procurement for buyers looking to drive down costs and streamline sourcing processes. However, while buyers often benefit from the competitive dynamics of reverse auctions, suppliers may view them with a more critical … Read More
Streamline your procurement through auctions
Manage your purchase and negotiate using auctions to get the right price faster.
What we offer
We make purchasing
simple and efficient
Oktio provides all the tools to manage your purchasing from tenders to award stages.
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Procurement cockpit
Drive your procurement thanks to your main metrics and data.
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Project planning
Plan a project, choose the team, organize your events, follow the budget, discuss with your colleagues and more
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RFX
Digitize RFI, RFP and RFQ to get organized and faster response to make the right decision
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Auctions
Use reverse auctions to get the best final offer from your suppliers, and maximize savings
How we help
A procurement cloud platform with important benefits
How to facilitate your work ?
Cost savings
Get the best tool to reach your cost saving target
Transparency
Add one more step to your procurement compliance
Time savings
Send messages and compare results in the same place.
Connect and sync
Easily integrate with your ERP
Let's connect your existing system to our platform, and have a complete solution fully integrated.
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How Does a Reverse Auction Work?
Reverse auctions have revolutionized the way businesses approach procurement, offering a dynamic, competitive environment where suppliers fight to secure contracts by submitting increasingly lower bids. But how exactly does this process unfold in practice, and how can procurement professionals leverage … Read More
What is a Reverse Auction?
In the world of procurement, companies are constantly looking for ways to cut costs and streamline the purchasing process. One approach that has gained significant attention is the reverse auction. Unlike traditional auctions where buyers compete to purchase goods or … Read More