Spot Auction
Spot Auction promotes competition among transporters, guaranteeing the procurement of the most economical freight rates within a constantly evolving landscape, optimizing cost efficiency in the logistics process.
Additional Features
Reduce Freight Cost
Ensure that you secure the lowest freight costs by fostering competition among transporters. Introduce a dynamic auction system where transporters can bid for new routes, encouraging continuous cost reduction and optimal savings.
Bidding On-the-Go
Cater to the diverse preferences of participants. Bidders have the freedom to choose their preferred platform, whether it's the convenience of the website, the mobility of the mobile app, or the accessibility of WhatsApp.
Realtime bidding Updates
Ensure that you stay completely updated on the status of your auctions. Witness transporter bids in real-time, allowing you to make on-the-fly decisions for seamless auction management. Navigate auction scenarios with agility, ensuring optimal outcomes.
Pre-Bidding
Get pre-auction freight cost estimates, giving you a competitive edge by setting a strategic ceiling price by allowing bidders to place one bid before the auction begins, ensuring a dynamic and competitive pricing environment.
Part-Bidding
Go beyond traditional sourcing methods. Get the flexibility to optimize your freight sourcing strategy. You can strategically select vehicles from various vendors, ensuring a dynamic and competitive approach to securing the best rates.
Auto-Extension
Our platform is designed to ensure a safe and just auction environment, maintaining the sanctity of the process. Discourage malpractices such as last-minute sweeping with the auto-extension feature, fostering transparency and fairness in every auction.
Open-Bidding
This feature is designed to strike the perfect balance, encouraging competition while preserving bidder anonymity. Bidders can make informed decisions based on the visible bids, ensuring a fair and transparent auction process.
On an average, 5% reduction in freight spends have been observed when using spot auctions to full fill freight requirements
