Reverse Auction Services
Reverse auction (RA) was introduced by mjunction as a primary service of e-sourcing which strives to deliver value to our clients and is a preferred choice for companies that spend heavily on logistics. The platform undergoes a detailed planning procedure to ensure that the correct market forces are included in the bidding process.
It is an online real time dynamic auction between a single buyer and a group of pre-qualified suppliers competing against each other to win the business of supplying goods or services. Through our Reverse Auction (RA) service, we have successfully broken yet another barrier - the barrier of monopoly.
Our RA service provides a platform which caters to certain specific requirements of the buyer and ensures a hassle-free process for the sellers.
Advantages:
- New supplier discovery
- Lower cost due to competitive process
- Market determined best price
- Fair and transparent process
- Global sourcing at lower costs
We are now mjunction
Over the years we have grown in every respect - services, people, reach, infrastructure and revenue. As we continue to grow and add value to the supply chains we serve, we have broadened our horizons beyond the world of steel and metals.
We thus felt that the time was ripe to give ourselves a new name, a new identity to reflect our metamorphosis. So we heralded the new year with a new brand name and logo, and we have become mjunction services limited from metaljunction services limited. Other business units under the mjunction umbrella continue to have identities of their own.
Though our name has changed, and our horizons widened, our values haven't. We will continue to bring greater efficiency, convenience and transparency to even more supply chains in the future with the innovative use of IT and the Internet.
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