Recent succesful bidders:
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Name: Notebooks / Value: 3,230 Eur / Location: Bratislava (SVK) / Keyword: hardware, laptops, Bratislava, Stare Mesto Name: Limousine Services / Value: 10,890 USD / Location: New York (U.S.) / Keyword: VIP transport, taxi, limousine services, NYC Name: Car insurance / Value: 2,500 SEK / Location: Lulea (SWE) / Keyword: Insurance, Sweden Name: Office Stationery / Value: 98,295,284 IDR / Location: Bengaluru (India) / Keyword: Letters, envelopes, toners, office equipement, Bengaluru, Karnataka Name: Glass wine bottles / Value: 862,160 CNY / Location: Shadong (China) / Keyword: Glass containers, glass wine bottles, glass jar, China Name: Translation Services / Value: 37,792 PLN / Location: Krakow (Poland) / Keyword: Official language translation services, Krakow Name: Roof tiles / Value: 49,954 HRK / Location: Brela (Croatia) / Keyword: Tiles, building materials, Croatia, Split Name: Legal Counsel / Value: 68,500 Eur / Location: Cagliari (Italy) / Keyword: Legal advisory, law services, legal counsel, Italy, Sardegna Name: Long-term hotel accomodation / Value: 149,600 Eur / Location: Munich (Germany) / Keyword: Hotel accomodation, hotel services, Munich, luxury hotels Name: Car rental services / Value: 25,320 USD / Location: San Rafael (Argentina) / Keyword: Car rental, passenger car, leasing Name: Heavy truck tires purchase / Value: 1,156,500 RUB / Location: Krasnogorsk (Russia) / Keyword: Truck tires, Krasnogorsk, Moscow district Name: Mobile Devices / Value: 4,540 USD / Location: Pittsburg (U.S.) / Keyword: Mobile devices and accessories, Pittsburg, Samsung Galaxy S6

Reverse Auction – The Sourcing Innovation Blog

by Best Auction

A reverse auction is an auction where the roles of buyer and seller are reversed and the primary objective is to drive purchase prices downward (as opposed to the rising prices in a regular auction).

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Demo Text

Reverse auctions as a tool have been around since the late 1990’s. They have been used in the Fortune 2000 to obtain more favorable pricing, to reduce cycle times, and to lower overall supply costs. For organizations that are thinking about whether to implement and how to implement reverse auctions, this article is designed to […]

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