SciQuest is adding a reverse auction capability to its Sourcing Manager software for use by companies seeking to lower various supply costs.

The tool allows customers to bid competitively for business posted online by SciQuest clients, offering dynamic and interactive bidding rather than paper methods.

A supplier portal is also offered so businesses involved in the process can enter responses, send messages and view auctions as they
unfold.

SciQuest: www.sciquest.com