Standard Auction (English)
Suppliers update their offers throughout the auction. Show the best price or rankings, and choose the competition display that suits your process.
Learn More →RFQ & E-Auction
Digitize your RFQ (Request for Quotation) processes, collect bids from your suppliers and achieve the best prices with e-auctions.
Bid Collection (RFQ)
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Digitize Your Quotation Process
Manage your RFQ (Request for Quotation) processes end-to-end with Tenflex. Quickly collect bids from your suppliers, compare them and identify the best option.
Easy RFQ creation
Automatic invitations from supplier invite lists
Online bid receipt and tracking
Side-by-side bid comparison
Unlimited new rounds
Bid Collection
RFQ Process Features
Easy RFQ Creation
Create a quotation request in seconds by specifying product/service details, quantities and delivery terms.
Supplier Invitations
Select suitable suppliers from your registered pool and send automatic invitations with one click.
Bid Comparison
Compare incoming bids side by side and analyze them by price, payment terms and delivery time.
Start New Round
If you are not satisfied with the initial bids, you can start as many new rounds as you like to get better prices.
Supplier Communication
Message suppliers through the system throughout the bidding process to answer your questions quickly.
Convert to Order
Convert the selected bid into an order with one click and start the delivery process.
E-Auction
Explore Auction Styles
Maximum Savings with E-Auction Options
An e-auction is a dynamic procurement method where suppliers can update their price bids in real time. Find the solution that best fits your needs with different auction styles.
Real-time competition
Live bid charts
Automatic rankings
Different auction styles
Auction Methods
E-Auction Styles
The right auction method for every procurement scenario. Choose the style that best fits your needs.
Japanese Auction
The price starts high and falls step by step. Suppliers who accept continue; even a single remaining supplier can keep accepting down to their lowest acceptable level.
Learn More →Dutch Auction
The price starts low and rises step by step. The first supplier to accept the offered price wins.
Learn More →Sealed-Bid Auction
Suppliers submit their offers while the buyer cannot see prices until the auction ends. Envelopes are opened after closing and offers are evaluated together.
Learn More →Percentage Auction
Collect bids as percentages instead of amounts in Dutch and Japanese auctions. Use discount or increase rates to compare offers on a common basis.
Learn More →Sales Auction
Offers compete upwards for products, assets or surplus inventory. The company with the highest offer wins.
Learn More →Quotes for logistics procurement
Explore multiple provider invitations, spot and periodic requests, and logistics evaluation criteria.
Explore the workflowDigitize Your RFQ & E-Auction Processes
Get the best prices from your suppliers with Tenflex and reduce your procurement costs.