Why Are Reverse Auction Services a Staple of e-Procurement?
ProcurePort
SEPTEMBER 18, 2019
A reverse auction is considered a staple of e-procurement. The post Why Are Reverse Auction Services a Staple of e-Procurement? Unlike a typical auction, the sellers are bidding to obtain a companies business. The bidding for business generally leads to the prices offered to drop during the period of the procurement auction.
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