support for various types of auctions like public, private, choose winner
eMail Notifications on major events
Watchlist for sellers on Categories and Auctions
pay for listing or featured Auctions
TAGS
CB Integration
and many more...
A reverse auction (also called procurement auction, e-auction, sourcing event, e-sourcing or eRA) is a tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In a reverse auction, sellers compete to obtain business.
Reverse auction is a tool used by many purchasing and supply management organizations for spend management, as part of strategic sourcing and overall supply management activities.
In a reverse auction, a buyer contracts with a market maker to help make the necessary preparations to conduct the reverse auction. This includes: finding new suppliers, training new and incumbent suppliers, organizing the auction, managing the auction event, and providing auction data to buyers to facilitate decision making.
The market maker, on behalf of the buyer, issues a request for quotation (RFQ) to purchase a particular item or group of items (called a "lot"). At the designated day and time, several suppliers, typically 5-20, log on to the auction site and will input several quotes over a 30-90 minute period. These quotes reflect the prices at which they are willing to supply the requested good or service.
Quoting performed in real-time via the Internet results in dynamic bidding. This helps achieve rapid downward price pressure that is not normally attainable using traditional static 3-quote paper-based bidding processes.
The prices that buyers obtain in the reverse auction reflect the narrow market which it created at the moment in time when the auction is held. Thus, it is possible that better value - i.e. lower prices, as well as better quality, delivery performance, technical capabilities, etc. - could be obtained from suppliers not engaged in the bidding or by other means such as collaborative cost management and joint process improvement.
The buyer may award contracts to the supplier who bid the lowest price. Or, a buyer could award contracts to suppliers who bid higher prices depending upon the buyer's specific needs with regards to quality, lead-time, capacity, or other value-adding capabilities. However, buyers frequently award contracts to incumbent (i.e. current) suppliers, even if prices are higher than the lowest bids, because the switching costs to move work to a new supplier are higher than the potential savings that can be realized.
Description
Reverse Auction Factory comes as a new product to complete our Auction Components Suite.
The main difference in comparison to the Auction Factory is that with the Reverse version, end-users can post their requests in order to obtain the best price for needed services or desired products. This means that they can choose the lowest price or what they consider would be the best deal for them.
The component can be used to organize auction in different fields of interest. Here just a couple of examples:
In order to provide maximum flexibility to all the administrators, Reverse Auction also uses a template engine. Detailed informations about how to personalize the Reverse Auction Extension can be found here, in the Template Tutorial.
Reverse Auction Factory 1.5.1 released on August 26, 2010.
Optimized admin redirect to setup profile component (CB or Love Factory) .
Optimized Layout for My Won Bids.
Optimized Custom Fields Manager.
Improved Profiler update.
Fixed issues regarding purging cache on admin, admin mail settings shortcuts, CB tabs updated (missing images, itemid's, new rating
display, user verified, bidder, seller status on taskpad tab), router.php (edit auction and report), missing language definitions.
Reverse Auction Factory 1.5.0 released on August 19, 2010.
Product release for Joomla 1.5.x.
Custom Fields.
Custom Positions.
Themes
(available default, azuro and green).
Google Map support (configuration, radius search, view).
Moderate Ratings.
Moderate Comments.
Export to XLS (admin only).
Import from CSV (admin only).
Joomfish Integration (on auctions,categories and custom fields tables).
Profile Integrations (CB, Love Factory).
Anti-Spam: Recaptcha and Email Cloaking.
Added 2Checkout Payment Gateway.
Endless Categories Update.
Module mod_rbidstree Full Category Tree (jQuery endless nested categories module).
Reverse Auction Factory 1.4.3 released on May 19, 2010.
New feature: Filter for won auctions.auctioneer after close.
New feature: User ratings task to display all user ratings.
Fixed issues regarding latest 10 ratings displays all ratings instead of 10, user ratings link, country field display if no CB, constant bid_canceled_on replaced with new constant definition bid_auction_closed, cron_action TIME ZONE end date.
Reverse Auction Factory 1.4.2 released on May 6, 2010.
New feature: enable messages between winner and auctioneer after close.
New feature: disable attachment and picture.
Option Published hardcoded.
Fixed issues regarding GMT hour settings, RSS feeds, currency on commission plugin, watchlist notices in save auction not in CRON, user area of expertise not displaying safe html in profile edit.
Reverse Auction Factory 1.4.1 released on December 28, 2009.
New feature: RSS Listing
Fixed issues regarding counting inconsistency, currency on add manual payment to commission plugin, update balance on commission, etc.
Reverse Auction Factory 1.4.0 released on October 21, 2009.
New feature: message sending added to settings.
Improved functions like display winning bid in backend, timezone optimization, etc.
Fixed several issues including payment (displaying payment form and payment type), modules displaying unpublished auctions, messaging issue on bid list replay, added job_deadline in tpl, mail cattitle, nda, acl, etc.
Reverse Auction Factory 1.3.9 released on May 25, 2009.
New feature: Gallery Plugin, Gallery settings in backend.
New feature: New Gallery Mootool.
Improved quicker and lighter coding; rbidsVersionCheck replaced with JOOMLA_RV_VERSION.
Improved SEF.
New Template available.
Enable counter and display number of auctions for all categories modules.
Fixed several issues including Short Open tags, watch category, tags filter with spaces search when trimmed and display results (twice), search after country and city without CB, quickButton (in J!1.0) finding JOOMLA_RV_VERSION, including file Router.php, CB date format my auctions & my watchlist, installer CB plugin Google map, short open tags at modul, ACL for J!1.5.11, plugin commission with values for verified and powerseller, users statutes, CB integration for seller and bidder, etc.
Reverse Auction Factory 1.3.8 released on February 4, 2009.
New feature: Differentiated Commissions for Powersellers, verified users and regular users.
New feature: Moneybookers Payment Method.
New feature: Multiple Payment Gateways.
New feature: Notification on manual payment approval.
Set return page to thankyou page.
Fixed issues regarding ACL (no redirecting if user details were not completed), Rating System, display payment manager, automatic set featured auctions in price plugin, reversed paypal linking emails, cb_plugins renamed, search id display, tag cloud module, installing mod rbids, installing categories module under J1.5, latest auctions module, purge auctions, cancel field database, some uninstall notes.
Reverse Auction Factory 1.3.7 released on December 18, 2008.
New feature: Pay-per-Contact Plugin.
New feature: Pay-per-Bid Plugin.
New feature: added AutoWinner modus to the type of Auction (automatic win lowest bid).
Fixed issues regarding date, rating, template for the mail plugin, own bid validate issue, payment button.
Reverse Auction Factory 1.3.5 released on November 21, 2008.
New feature: ACL Integration (bidder, seller group).
New feature in commission plugin: commissions depending on Currency.
New validation JS alert on higher bid then permitted (more then regular mosmsg message).
Fixed issues regarding: commission plugin (paypal paylog), Search criterias Country and City, on Edit preserve end date, Backend payment listing issues, Auction unique number, several other issues.
Reverse Auction Factory 1.3.1 released on November 17, 2008.
New Settings: NDA enabled/disabled; Main Image required (yes/no); Google map key, Allowed File Extensions, custom reverse only css for messages (.message css class).
Navigation toolbar: back-button for backend payment methods.
Fixed issues regarding template (displayed private instead of public, attached docs were not displayed), lowest bidded price, watchlist, missing constant in backend, search issues regarding dates and category, counter, fixed issue on republishing auctions, CB issue on my won bids tabs and my bids tabs.
Reverse Auction Factory 1.3.0 released on November 5, 2008.
New feature: Commissions Plugin
New feature: TAGS
New module: TAGS Cloud (available only under J! 1.5.x)
Fixed issues regarding CB Tab plugin, IE template, etc.
Reverse Auction Factory 1.2.0 released on October 3, 2008.
New feature: pay for listing
New feature: pay for featured auctions
Fixed issue regarding modules installation under J!1.0
Reverse Auction Factory 1.1.0 released on September 23, 2008.
Support for Joomla 1.5.x Legacy Mode
Reverse Auction Factory 1.0.0 released on August 28, 2008.
Screenshots
Screenshots are representing version 1.0.0 of Reverse Auction Factory.
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Other Joomla Extensions:
Reverse Auction Factory (gpl club version)
The "Reverse Auction Factory 0.2 (gpl club version)" version is ONLY similar by name and main functionality with our other license type solutions and it represents only a good starting point for other developers that desire to build their own solution from scratch. "Reverse Auction Factory (gpl club version)" provides the possibilty to obtain the lowest price on demanding for an item or service. The GPL version is NOT AT ALL a trial version of the product above!
In order to download the GPL version you need to be a “Factory GPL Club Member” Join GPL Club