Submitted by evalery on Fri, 12/29/2017 - 17:19
Reverse auctions—auctions where an organization posts a buying requirement and interested suppliers drive prices down as they bid against one another to win the auction—are a simple idea whose time has come.
Reverse Auctioning: Saving Money and Increasing Transparency by Professor David C.Wyld, is the latest repo
Submitted by rgordon on Mon, 10/17/2011 - 13:35
Simply put, reverse auctions are auctions that enable sellers to “bid down” prices for their goods and services. The use of reverse auctions has substantially increased since Wyld’s initial report in 2000, albeit at a slower pace than anticipated in the earlier study. This new report contains original research on the potential of reverse auctions as a government cost-saving tool that also saves time and increases transparency.
