Articles Tagged with Reverse Auction

Online Reverse Auction

A reverse auction is a buyer-led online auction where suppliers undercut each other to win contracts. It's effective for commoditized B2B purchases but requires prequalification and total-cost evaluation to avoid hidden risks.

Auction Systems

An auction is a competitive sale where bids determine price. Internet platforms expanded auctions globally and gave rise to new formats - from English and Dutch auctions to reverse auctions used in procurement.