Online Reverse Auction Solutions and Optimizations Running a reverse auction is a critical part of the strategic sourcing process once you get a feel for how one works. Without having online reverse auction...
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EC Sourcing Group – A Practitioner’s Perspective by Kumar Kannen at Procural: I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an...
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How to Master Your Strategic Sourcing Process Suppose you’re new to strategic sourcing, or you’re just taking a look at your strategic sourcing methodology to ensure that you’re following best practices. In...
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What is the Reverse Auction Process? A reverse auction is the exact opposite of a traditional auction, in which a seller puts an item up for sale and buyers bid on it. Most people are familiar with online...
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The Role of Reverse Auctions in Strategic Sourcing In the entire supply chain, you, as a company, want to be able to deliver a final product to a buyer. There are many different stops within that supply chain...
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The Top 4 Differences Between Reverse Auctions and Bidding Reverse auctions, when conducted properly, can be a massive success as part of procurement management. The role of reverse auctions in strategic...
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How to Optimize the Reverse Auction Process Just like it sounds, a reverse auction is the opposite of that of a regular auction. If you’re wondering, “what is an e-reverse auction?” it is a step in the...
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Even those not involved in procurement or purchasing, are familiar with how a regular auction works. A seller has something they are trying to sell, and a buyer bids on the item. Typically, multiple potential...
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