Reverse Auction Factory

Visit Publisher Site
Reverse Auction Factory Hosting Promo

Sponsored by TMDHosting

Reverse auction is a tool used by many purchasing and supply management organizations for spend management, as part of strategic sourcing and overall supply management activities. In a reverse auction, a buyer contracts with a market maker to help make the necessary preparations to conduct the reverse auction. This includes: finding new suppliers, training new and incumbent suppliers, organizing the auction, managing the auction event, and providing auction data to buyers to facilitate decision making. The market maker, on behalf of the buyer, issues a request for quotation (RFQ) to purchase a particular item or group of items (called a "lot"). At the designated day and time, several suppliers, typically 5-20, log on to the auction site and will input several quotes over a 30-90 minute period. These quotes reflect the prices at which they are willing to supply the requested good or service.

Visit publisher site: Reverse Auction Factory

Listing Details

Version:
4.1.2 
Filed in:
Plugins / Joomla / Mambo Modules
Submitted on:
 
Last Updated:
Oct 2, 2014 
Publisher:
Other listings by this publisher

License & Pricing Information

LICENSE #1
License Type:
Commercial
Price:
210.00 EUR
Additional Info:

Featured Marketplace Listings

User Reviews 

Be the first to review this listing!