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Reverse auction for CNC machinery worth ₹4.2 crore — tips?

KN

Kavi Nair

Procurement Analyst, Wipro

Planning our first reverse auction for plant CNC. Spec compliance vs price pressure is the big worry. Manufacturing folks — third-party platform better hai ya in-house manage karna safer hai?

4 comments

Comments (4)

10·0
VS

V. Singh

Sep 29, 2026·Sep 29, 2026, 3:00 PM

Keep a technical gate. Only commercially clear vendors enter the live room.

9·0
AR

Anu R.

Sep 28, 2026·Sep 28, 2026, 2:07 PM

Spec freeze before auction is non-negotiable. Mid-bid changes destroy trust.

8·0
RM

Rajat Mehta

Sep 27, 2026·Sep 27, 2026, 1:14 PM

Third-party platform better for first run — they handle bidder coaching and floor rules.

7·0
PH

P.S. Hegde

Sep 26, 2026·Sep 26, 2026, 12:21 PM

We piloted reverse auction on MRO first before capex. Highly recommend starting small.