Abstract: The various embodiments of the auction systems and methods described herein provide a web based service that allows medical facilities to both sell and buy medical devices and supplies at a discount. This web based service will enable hospitals that otherwise would have a financial loss, to sell their soon to be expiring products at a discount, and at the same time allow facilities that have an immediate need for devices to purchase them at a lower price based on a more limited expiration than if bought directly from the manufacturer. This maximizes savings on behalf of the buyers and minimizes losses on behalf of the sellers while consolidating inventory in the overall medical device/supply market.