Auctions are created to achieve the lowest possible price for certain request. By taking advantage of auctions, the buyer can access storage solutions with on average 20% less cost compared to without auctions. The difference between “auction” and “no auction” prices is 2-3 days. If the buyer explicitly states that he does not want to take the advantage of the auction, then Proficircle can provide the first come-first-serve price quotation basis. 

All suppliers see live time the quotes on the projects where they participate. The only data which is sanitized is the name of the competitors they have in a certain auction. On average during the auction, sellers bid against each other 6 times and decrease the price up to 20%.  

Proficircle allows you to decide how fast you want a project to be delivered from the beginning. This gives us an estimate over what vendors are most applicable to be invited to bid on your project. With our recurring clients we have built a weekly delivery schedule. With other one-time buyers, the auction allows them to compare between price and delivery period and speak directly to vendors to request quicker production/delivery time.  

Currently, there are two ways of paying: directly to the vendor or through Proficircle. We are working on embedding an online payment option via bank transfer which will be completely secured. As most of the vendors require payment in advance, this online feature will allow automation in invoice creation and better tracking of ongoing payments. It is expected to be live in September 2022.  

Proficircle is the largest procurement platform for warehouse and retail equipment. Proficircle does not represent exclusively any producer or dealer. Proficircle is a digital network of local and international suppliers of warehouse, retail and logistics equipment and material handling where companies can request and buy free of charge. 

The seller is the winner who the buyer chooses between 3-5 offers that are visualized via the comparative table. It is buyer’s decision to decide who will be selling the equipment to them. Proficircle is not the seller in this transaction but upon request from the buyer can issue the invoice and be a middle party. 

Yes, buyers can speak to all suppliers once they receive the prices in the comparative table. We encourage transparency and allow buyers to ask each seller any questions about their offer.  

Our platform is completely free for buyers at any stage of their request. Our goal is to help buyers structure their request in a simple digital form and transmit it to the platform’s pool of vendors locally and internationally leading to top prices on the market.  

This is one of the advantages of the platform. Proficircle uses auctions to encourage competitiveness among the suppliers who are willing to quote a price. They have limited time to bid against each other while decreasing the price on average with 20%. Then the best 3-5 prices are visualized to the buyer. 

A comparative table is the place where each offer is visualized. The table includes name of the vendor, terms of the payment, information about the equipment, delivery terms, production time, price and offer validity. On the top of each offer, each buyer can choose to chat directly with the seller if there are any unanswered questions.  

In 48 hours the first price will be submitted to you. Depending on the complexity of the project, any of the supplier on Proficircle can quote their price in less than 24 hours but usually it takes 24-48 hours to get the first quotation.  

Each buyer can request their equipment without the need of profile in our system. However, to be able to review the prices, speak to vendors, request changes, choose between other services, the buyer needs to activate their account and log in to their dashboard.  

Proficircle is built with the intention to help the journey of each buyer and simplify his decision making and procurement process. With each registration Proficircle allows the buyer to review their project request, make changes, add services, review prices in comparative table, speak to vendors, decide on payment method and much more.  

Each auction is different and is dependent on the project specifics. Usually, to obtain all offers in a comparative table it takes on average 5-7 days. However, buyer receive email when an offer is uploaded and can review it prior the end of the auction. In case they don’t want to wait anymore – a winner can be selected.   

Yes, each supplier has his own terms and validity per offer. Depending on the project materials and complexity, each offer has a certain time period in which it is valid. If the buyer in unable to decide before the offer expires, he can request again.