Procurement Masters
Reverse Auction – The Sourcing Innovation Blog E
A reverse auction is an auction where the roles of buyer and seller are reversed and the primary objective is to drive purchase prices downward (as opposed to the rising prices in a regular auction).
‘Reverse Auctions’ Draw Scrutiny E
It is like an eBay of Washington, a well-appointed and well-connected online marketplace for lucrative government contracts.
How to Compete in a Reverse Auction E
A growing number of large companies are forcing suppliers to bid through reverse auctions. Here’s how to survive one with your margins intact.
When to use Reverse Auctions E
Reverse auctions as a tool have been around since the late 1990’s. They have been used in the Fortune 2000 to obtain more favorable pricing, to reduce cycle times, and to lower overall supply costs.
Procurement Outsourcing E
Procurement outsourcing constitutes a growing dimension of corporate procurement strategy.
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