September 2020

Japanese reverse auction

2020-09-23T11:05:18+01:002. September 2020.|Digital Transformation, eAuctions|

Japanese reverse auction I love the Japanese auction! This auction type often brings excellent results. I always remember one that lasted half a day – we were convinced that the supplier was dumping the price and that something was wrong and each new time extension made us more nervous. However, the truth was… Case [...]

August 2020

English reverse auction

2020-09-23T11:04:26+01:0025. August 2020.|eAuctions, Procurement|

English reverse auction In this auction type, the initial price gets lower during the auction, from the starting (highest) point to the final (lowest) point based on bids entered by participants. The negotiation process is not conducted face to face – suppliers compete against each other digitally to get the job. They enter their [...]