Route to success as a supplier in reverse auctions includes:

Our tool is not pro-supplier tool, as everyone on who is supplier at one side is buyer at other side. Here are basic things supplier should know before opting of reverse action
•     Thorough preparation - it's essential to know your costs, your suppliers, your requirements, and your market to the greatest extent possible - tiny details can make the difference between winning and losing business. Our advice would be to calculate your initial prices and the very lowest price you would go to secure the business, then create a series of bids in between the two figures to submit during the auction
•     Have a strong, competent bidder to front your effort during the auction. Your lead should be completely familiar with the auction technology in use and most importantly be clear when to bid and when to fold.

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