Purchaser need to contact out of the website to admin. Admin understands the purchaser requirements and create the bid on behalf of the purchaser. The purchaser information is partly available on the website to the sellers. Purchaser can login to see the list of (purchase) auction.
Admin can see a list of Auctions. After the prescribed time limit of auction the auction ends, and the data is freezed. If admin wants he can extend the time limit before ending the auction. Admin can terminate by stopping or pause or cancel the auction as per the need. The call of auction gives the privilege to the Purchaser the right to purchase but no obligation to do so. He can allow the auction to go worthless. If caller of auction (potential purchaser) is willing to complete the purchase then it should be completed in certain time limit, Else the call auction will remain worthless. It also does not oblige the purchaser to prefer the lowest bidder. It is fully purchasers privilege to chose the Seller. The purchase process is completed out of the website. The commercial specifications are completed out of the webiste. The web-application can be sold as “white label” also.
Provide two types of reverse auctions "Visible price" and "Ranking" for customers and suppliers. Ranking is on lowest price but the price remains hidden, in visible price same is applied. In either case the price is viewed by all, and further price reduction (by editing) is possible from the sellers.
At the time of publishing fresh auction, admin view and select the Sellers to whom the invitation is to be sent. Invitation for seller participation is sent via email.
When auction on , it show all the online participants of current auction. based on same the auction can be canceled , stopped, postponed.
Generate history of all auction details in "pdf format" and "graphs". Historical auction-graph is generated by using google API (google chart)
Renting: The admin has to fill a form to rent this application. At this time a new database and the domain is created automatically. The certain CSS modifications may apply and using the same code. This is same as creating “white label” of the website.