Remove the-top-4-differences-between-reverse-auctions-and-bidding
article thumbnail

The Top 4 Differences Between Reverse Auctions and Bidding

EC Sourcing Group

Reverse auctions, when conducted properly, can be a massive success as part of procurement management. The role of reverse auctions in strategic sourcing has diminished in recent years but is seeing a comeback in 2020 as companies look to find more savings in the pandemic.