Reverse Auction

At HelloSME, we are committed to providing the best experience and services to add value to our client’s business. We understand that as SMEs, it might be challenging to find good suppliers and negotiate with them for bulk discounts.

Our procurement engines are made to ease every SME procurement journey. With our Group Buy and Reverse Auction engines, we aim to level the playing field between SMEs and suppliers and provide better negotiating power for SMEs.

How It Works

Our reverse auction engine aims to connect both buyers and sellers by providing a secure platform to fulfil both small and large value contracts.

Buyers can get the most out of their requests by first applying for tenders on our platform. The trusted suppliers on FTP will then bid for the offerings and provide the most suitable services to the best prices that are offered. Our ratings system on FTP will allow you to review the promptness of the buyer or seller in terms of delivery and payment.

What’s In It For The Buyers

pricing

Competitive Pricing

As sellers bid against each other to secure tenders, the buyers often benefit from a better deal than they would have secured otherwise.

pricing

Faster Quotes

Buyers are able to greatly reduce their time researching and combing the web for the best supplier and quotes. Our reverse engine is a one-stop solution to help buyers expedite their procurement process.

pricing

You Set the Deadline

With our reverse auction engine you are able to set expiry dates for your tenders which allows you to meet your deadlines.

Interested? Fill up the Buyer Interest Form

What's In It For The Sellers

pricing

Improved Access to Buyers

With our engine, sellers are given access to buyers around the world and bid for their tenders giving them a wider outreach.

pricing

SMEs are able to Compete

One major struggle many SMEs face is finding leads. However, with our reverse auction engine, they are able to have access to a wider network of buyers.

pricing

Standardised Information

All sellers are able to see the same information which prevents any business from having an edge over the other, thus levelling the competitive landscape.

Interested? Fill up the Seller Interest Form

Active Request for Quotes (12)

2SA1015L-GR-92-B

  •   Quantity (each/ounce): 12,000
  •   Delivery by : 60 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $0.32

2SC1815L-GR-92-B

  •   Quantity (each/ounce): 1000
  •   Delivery by : 30 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $0.45

ALS-PT19-315C/L177/TR8

  •   Quantity (each/ounce): 1500
  •   Delivery by : 40 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $0.60

APBA3010SURKCGKC-GX

  •   Quantity (each/ounce): 3000
  •   Delivery by : 20 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $3.50

BA6920FP-YE2

  •   Quantity (each/ounce): 2000
  •   Delivery by : 60 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $3.35

ECS-100-18-5PX-TR

  •   Quantity (each/ounce): 200
  •   Delivery by : 90 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $2.45

KIA278R00PI-U/P

  •   Quantity (each/ounce): 50
  •   Delivery by : 60 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $10.00

LD1117S12TR

  •   Quantity (each/ounce): 7500
  •   Delivery by : 60 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $2.65

LD1117S33CTR

  •   Quantity (each/ounce): 3000
  •   Delivery by : 60 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $4.80

LTST-C170GKT

  •   Quantity (each/ounce): 1100
  •   Delivery by : ASAP
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $5.80

MLF1608DR22JT

  •   Quantity (each/ounce): 2000
  •   Delivery by : 14 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $20.50

MOC3023

  •   Quantity (each/ounce): 100
  •   Delivery by : 30 Days
  •   Organization : Honling Technology Co., Ltd.
AVG QUOTE $25.20
GET IN TOUCH

Contact us for any information or inquiries.

6A Shenton way, OUE Downtown Gallery, #04-08,
Singapore 068815.

info@hellosme.com