6. Why suppliers would like to participate in Reverse Auction?

The advantages of Reverse Auction to suppliers:

When competing with others based on pricing, suppliers can collect valuable market intelligence and understand their own competitiveness

Obtain real time market feedback

Get more business opportunities because buyers can now invite more suppliers to bid

Reduce time on face-to-face price negotiation, lowering the cost of sales

Negotiation cycle shortened and thus expediting the purchasing and award process

By negotiation through a third party platform, process transparency is thus increased

"No RFX,No Business"

Customer Success Portal

 TACTICA eSourcing Platform
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