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"

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