1. How savings are generated?
Source: Author: pop1c2018cc Publish time: 2018-01-08 15:06 5098 Views
It is always said that reverse auction can save procurement cost. What is the reason?
From the above illustration, we can see that with conventional negotiation method, the buyer may usually make up to 3 rounds of negotiation. There is still a certain gap between the negotiated price and the reasonable market price. If it is a reverse auction, the bidder will see the feedback which is ranking and/or best price. When the bidder finds that their ranking is not the first or the current best offer, they will continue to reduce prices to fight for business if they can afford the price reduction.
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2018-01-08
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2. How suppliers prepare to auction?
2017-11-01
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3. How to calculate and set bid decrement?
2017-11-01
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4. Scoring Auction - How to configure?
2018-01-08
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7. Supplier Practice Auction Process
2018-01-09
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8. A use case show how to work with Pre-bid and Post-bid.
2017-11-01
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9. Some suggestions on how to use survey.
2018-01-08
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10. What is smartBid? Why use smartBid?
2018-01-09