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Jun 07

5 myths about reverse auctions

Reverse Auctions    ---    2010 Jean-Philippe Massin, 687 views Add comments

There’re things like that I just can”t get it…

How can a mature and Professional Purchasing Organization still operate without a robust reverse auctions strategy…? especially when having the capability live,  the application and the skills…

This doesn’t mean that you shall run a reverse auction on all the categories you are negotiating… Best In Class are running 1 reverse auction out of 10 RFPs; they claim that eRFx are generating 5% more savings than ‘business as usual’ RFx and that a reverse auction is adding 5% more on average… and are fully aware of the 5 myths below…

5 myths about eAuctions


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