Online Auction System by Pantavanij is an online auction service managed through a platform with expert staff providing consultation. It can facilitate auctions primarily for buyers but can also be organized for sellers, with two or more participants involved, covering both goods and services.
Compared to traditional auctions:
Cost Reduction – Online auctions can reduce costs by 15–30% on average, including expenses for venues, operational equipment, personnel, time, and document handling.
Convenience & Speed – Auctions can be conducted anytime, with buyers and sellers participating from anywhere in the world via the internet, unlike traditional auctions where physical presence is required.
Higher Competition – The platform encourages more bidding activity, as participants can place unlimited bids (for single-variable auctions) and there are more participants compared to traditional methods, which require inviting participants individually.
Expert Support – Pantavanij provides professional procurement consultants to guide auction strategy and recommend the most suitable auction types. IT engineers maintain and enhance the platform while providing guidance for optimal use.
Email: eauction@pantavanij.com
