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Reverse auction
(redirected from Procurement auction)

    Also found in: Wikipedia 0.01 sec.
Reverse auction
An auction where the role of buyer and seller is reversed. The buyer advertises a need and sellers compete to provide the product or service. Generally the seller with the lowest bid wins the auction.
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9781599046365 Best practices for online procurement auctions.
Best practices for online procurement auctions by Reference & Research Book News
A limited amount of research examining the use of auctions by buying organizations has appeared in the field of economics, particularly with respect to government procurement auctions (Luton and McAfee 1986; Branco 1997; Kjerstad and Vagstad 2000; Wang 2000; Bajari 2001).
The impact of electronic reverse auctions on supplier performance: ... by Carter, Craig R.; Kaufmann, Lutz / Journal of Supply Chain Management
How procurement auctions work The concept is simple: the buyer sets up an online or offline "marketplace" (a Web site or procurement office notice board), defines and posts the service or product to be procured, solicits and qualifies a range of existing and new vendors, then invites typically no more than five of those vendors to enter the auction to bid.
Auction procurement: a new trend? Foreign firms are bringing savings ... by Dodd, John / Japan Inc.
 
 
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Procurement Action Reporting System
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Procurement Aide/Assistant
Procurement Analysis & Review
Procurement and Construction
Procurement and Contract Management
Procurement and Contracting Centre for Education and Research
Procurement and Contracting Services
Procurement and Distribution Interest Group
Procurement and General Services Unit
Procurement and Logistics Management Association
Procurement And Material Control
Procurement and Sourcing Institute of Asia
Procurement and Supply
Procurement and Supply Management
Procurement and Support Services Officers Association
Procurement Annex Line Item
Procurement Appropriation
Procurement Appropriation Accounting And Reporting System
Procurement Appropriation, Army
Procurement Appropriations Program and Funds Control System
Procurement Army
Procurement Assistance Center
Procurement auction
Procurement Authorities Control System
Procurement Authorization
Procurement Automated Contract Evaluation
Procurement Automated Data & Document Systems
Procurement Automated Source System
Procurement Business Number
Procurement Center Representative
Procurement Centre of Expertise
Procurement Change Order
Procurement Clerk
Procurement Code
Procurement Consultancy Manager
Procurement Contract Management
Procurement Contract Summary Sheet
Procurement Contract Update Sheet
Procurement Contracting Office
Procurement Contracting Officer
Procurement Control Identifier
Procurement Control Number
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Procurement criteria
Procurement criteria
Procurement criteria
Procurement criteria
Procurement Data File
Procurement Data Package
Procurement Data Requirements List
Procurement Data Warehouse
 
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