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Auction Management

    

OME enables online auctioning of goods through the following methods:
Standard Auction (English): The seller sets the minimum price from where buyers must outbid each other until a defined end of the auction. The highest bid at the end of the auction wins.
Reverse Auction (English): The Buyer set the highest price from where sellers must underbid each other until the defined end of the auction. The lowest bid at the end of the auction wins
Dutch Auction: The seller sets the highest price from where, at regular intervals, it drops until the first buyer makes a bid. The first bidder wins the auction.
Reverse Dutch Auction: The buyer sets the lowest price from where it increases at regular intervals until the first seller makes a bid. The first bidder wins the auction
Sellers receive bids electronically, and can award the winners through our electronic auctioning system. OME also secures payment, delivery and distribution of goods purchased.
See Also OME Solutions.
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