Anonymous Bidding
Anonymous bidding is a sourcing arrangement in which a supplier's quotation is kept private from the other participating suppliers. The buyer can review the offers, but suppliers do not see competitor identities, prices, or response details.
AuraVMS uses private supplier invitation links and does not expose competing quotations to suppliers. This is different from a live reverse auction, where bidders may react to a visible rank or changing market price.
Related Terms
Request for Quotation (RFQ)
A Request for Quotation (RFQ) is a standard business process that invites suppli...
Learn moreReverse Auction
A Reverse Auction is a competitive procurement event where suppliers bid against...
Learn moreQuotation Collection
Quotation collection is the controlled process of requesting, receiving, and org...
Learn moreRelated Resources
Supplier Quotation Collection
See how private, structured supplier responses move into comparison.
Free Procurement Tools
Purchase order generator, tail spend calculator, and more
AuraVMS Features
Anonymous bidding, quote comparison, order placement, and more
Free RFQ Template Builder
Create a supplier-ready request, then copy, download, or print it
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