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...
Learn More
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...
Learn More
Many companies and corporations turn to reverse auctions instead of forward auctions (which is another name for a typical auction, such as you’d see in real life or on a traditional bidding site). A reverse...
Learn More
If you’re using procurement software, you’re most likely running some RFP management software, or in more general terms, eRFx. The “x” allows you to use the technology to have the request be for something...
Learn More
Comments Off on How a Reverse Auction Can Benefit Your BudgetGetting involved with online auctions has given your business a wide range of benefits. You feel like you have a better grasp of the products and services you obtain for your company, as well as opening up a...
Learn More
Image Credit: pon.harvard.edu Have you considered the power of reverse auctions for your business endeavors? Modern businesses and organizations have many, many more options on the table when sourcing...
Learn More
As businesses struggle to survive and thrive, one option many procurement departments opt for nowadays is e-procurement through reverse auctions. In reverse auctions, the typical relationship between buyer...
Learn More