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 ?

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.

Expo 2020 Dubai launches procurement portal

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.

Expo 2020 launches procurement website

Zycus announced today that Emirates NBD will adopt its eSourcing and Contract Management Solution.

Emirates NBD switches to Zycus eSourcing and Contract Management

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.

SunGard Looks to Rationalise Procurement with Wax Digital

Today, these eSourcing technologies are easier to use and more adaptable to numerous sourcing and business strategies.

Jump-starting your eSourcing program

Forrester Report places Tejari in 8th spot in the world among global eSourcing vendors

Coming to the rescue are eSourcing services and tools.

eSourcing to the rescue. (Information Technology Update)

Summary: DUBAI - Etihad Airways will implement the latest in eSourcing technology and best practice to its procurement and supply departments.

Etihad, Tejari partner for eSourcing

Companies often embrace eSourcing or eProcurement technology expecting substantial cost reductions and a more streamlined process.

Maximizing eSourcing through a center of excellence: looking to enhance the value you are getting from your eSourcing or eProcurement tools? Creation of a Center of excellence may be the answer

Summary: DUBAI -- DP World, global marine terminal operator, on Sunday announced that it will be deploying BravoSolution's eSourcing platform globally over the next 24-36 months to help reduce operating costs and improve procurement operations.