This is a very good article written by Dr. Olga Raskina. I think she does a good job of addressing some of the major misconceptions and fears out there regarding the use of reverse auctions in e-procurement strategies for private sector firms, incorporating examples from her consultation with leading companies in the pharmaceutical and transport sectors. Read the article from The Optimum at the link below:
The Optimum: E-Sourcing & Reverse Auction Bid Optimization: Simplifying Decisions for Faster Savings
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