Want to hire a development team?
No Images Added Yet

Reverse Auction Factory

Not Rated Yet.
Add to Favorites
Publisher
Reverse auction (also called procurement auction, e-auction, sourcing event, e-sourcing or eRA) is a tool used in industrial business-to-business procurement.
Product Details

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.

Report this Listing
Price
EUR210.00
Licence Type
Commercial
Views
416
Submitted on
11th April 2011
Last Updated
2nd October 2014
Licence Type
Commercial
License Price
EUR 210

You May Also Like

User Reviews

Please rate the listing and tell the world know what do you think about the listing.
(0 ratings)
Not Rated Yet.
No reviews found.
Not yet reviewed by any member. You can be the first one to write a review for this listing.Click hereto submit your review.