Reverse auction

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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.
References in periodicals archive ?
All tender information must be submitted through the ccs esourcing portal.
Dubai: Expo 2020 Dubai has launched an eSourcing portal and has held a workshop with 200 designers and university students ahead of the Expo 2020 Logo Design Competition closing in a week, according to a statement on Wednesday.
Dubai - Expo 2020 Dubai has announced the launch of the Expo 2020 eSourcing portal, an online procurement system that will link all Expo-related procurement operations and enable rapid deployment of tender opportunities to the global business company.
Zycus announced today that Emirates NBD will adopt its eSourcing and Contract Management Solution.
Starting with a pilot project to help reduce its IT hardware spend, one of SunGard's biggest spend categories, Wax Digital's eSourcing consultants helped SunGard use its on demand web3 eSourcing platform to generate savings and optimise supplier contracts without compromising on service quality.
Today, these eSourcing technologies are easier to use and more adaptable to numerous sourcing and business strategies.
Forrester Report places Tejari in 8th spot in the world among global eSourcing vendors
Coming to the rescue are eSourcing services and tools.
Zycus, a world leader in Spend Management Solutions, announced today that Lime Associates has adopted its eSourcing Solution.
Summary: DUBAI - Etihad Airways will implement the latest in eSourcing technology and best practice to its procurement and supply departments.
Companies often embrace eSourcing or eProcurement technology expecting substantial cost reductions and a more streamlined process.
CHICAGO -- BravoSolution, the spend analysis and eSourcing company, has been recognized by Software Magazine in the publication's 28th annual rankings of the world's top-500 software and service providers.