A ready-to-run workflow that helps procurement teams run competitive price events for well-specified, commoditized categories. 6 stages, 8 pre-built fields and 4 automations, live in about 45 minutes.
The Reverse Auction Event template is a pre-built sourcing & RFx workflow used to run competitive price events for well-specified, commoditized categories. It runs across 6 stages, from requirement defined to award and handoff, captures 8 standard fields including event reference and event window, and applies 4 automations so routing, checks and record-keeping happen without manual chasing.
What the Reverse Auction Event template does
This is a working sourcing & RFx workflow rather than a document to fill in. Each auction event is raised through a structured form covering 8 fields, then moves through 6 defined stages with a named owner at every step. 4 automations handle the parts teams normally do by hand: routing, validation, reminders and record updates. Because the template is pre-configured, a category manager can adjust approval thresholds and field labels to match internal policy and start using it in roughly 45 minutes, then connect it to Zapro Supplier Portal or NetSuite.
The problem it solves. Price negotiation happens one supplier at a time, which takes weeks and leaves value on the table. The template replaces that with one record, one owner and one visible status.
The Reverse Auction Event workflow, stage by stage
Every auction event follows the same 6 stages, so anyone can see where a record is without asking. Stages, owners and exit conditions are configurable if your policy differs.
1
Requirement defined
The business owner records scope, volume, budget range and evaluation criteria for the auction event in one structured intake.
2
Supplier shortlist
Qualified suppliers are pulled from the Zapro vendor master and shortlisted against category, spend and risk history.
3
Document issued
The auction event is issued to all shortlisted suppliers at once, with a common deadline and a shared clarification thread.
4
Responses collected
Supplier responses land in one comparison view instead of scattered email attachments and spreadsheet versions.
5
Evaluation and scoring
Commercial and technical scores are captured per evaluator, weighted, and locked once the scoring window closes.
6
Award and handoff
The award decision is approved, the outcome is communicated to every bidder, and the winner moves into contracting.
What gets recorded on each auction event
These 8 fields are pre-configured on the intake form. Mandatory rules, picklists and validation are already applied, so an auction event cannot progress with gaps in it.
Event reference
Lot description
Starting price
Bid decrement
Event window
Qualified bidders
Final bids
Savings versus baseline
What runs automatically once the template is live
Qualified bidder gating before the event
Zapro applies this to every auction event as it enters the workflow, so nobody has to remember to do it.
Automatic baseline versus final price calculation
Configured once during setup, then enforced consistently on every record without further effort.
Event window control and extension rules
It triggers the moment the condition is met, so nothing waits on someone noticing it first.
Post-event award workflow
This runs as a built-in rule, which removes the follow-up chasing that usually surrounds it.
The difference this template makes
All supplier responses sit in one comparable view
Scoring is documented and defensible after the award
Award timelines become predictable instead of best-effort
Category history is reusable for the next sourcing event
The team can run competitive price events for well-specified, commoditized categories from a single record
Manual process versus the Reverse Auction Event template
Aspect
Manual process
With the Zapro template
Auction event handling
Price negotiation happens one supplier at a time, which takes weeks and leaves value on the table
One workflow that helps you run competitive price events for well-specified, commoditized categories
Approvals
Forwarded emails with no record of who approved what
Rules-based routing with a time-stamped approval trail
Data quality
Re-keyed between spreadsheets and the ERP
Captured once, validated at entry, synced to the ERP
Audit readiness
Evidence reassembled from mailboxes at audit time
Complete trail generated as the work happens
Cycle time
Depends on who is chasing this week
Predictable, with reminders and escalation built in
Systems this template connects to
The workflow syncs with the systems your team already uses, which keeps master data and transaction records aligned without re-keying.
A practical walkthrough of the strategic sourcing lifecycle.
Reverse Auction Event template FAQs
What is the Reverse Auction Event template?
It is a pre-built sourcing & RFx workflow in Zapro that lets procurement teams run competitive price events for well-specified, commoditized categories. Each auction event is captured on an 8-field form, moves through 6 stages with a named owner at each step, and is supported by 4 automations covering routing, validation and record updates.
How long does the Reverse Auction Event template take to set up?
Most teams have it running in about 45 minutes. The stages, fields and automations are already configured, so setup is mainly adjusting approval thresholds, field labels and owner assignments to match your own policy.
Who uses the Reverse Auction Event template?
Primarily category managers, working with sourcing leads and technical evaluators. It is most commonly used by procurement teams in manufacturing, though the workflow itself is not sector-specific.
Can suppliers respond without a Zapro login?
Suppliers respond through a secure portal link, so they do not need a paid seat, and every response still lands in the same comparison view.
Is the scoring model configurable?
Yes. Criteria, weightings and evaluator groups are all configurable, and scores lock once the evaluation window closes so the award remains defensible.
Run your Reverse Auction Event process in Zapro
Zapro ships with this template plus the rest of the procurement and vendor management suite. Start with the auction event process and expand into sourcing, contracts, invoices and spend when you are ready.
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