As the process of procurement has become more automated, so has the strategic sourcing process and the components within it. Instead of simple, straightforward auctions or eAuctions where buyers bid on goods...
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Reverse auctions can play an important role in strategic sourcing, particularly because both buyers and suppliers have complete transparency using this approach. However, even though they may be one of the...
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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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