a buyer-initiated auction in which a buyer invites bids from multiple sellers
a buyer's auction in which interested sellers bid down the price for a specified item online, in real time
an auction that starts high, and progressively gets lower as time passes
an auction where the bidder places a bid that they feel that no one else will bid i
an online, real-time dynamic auction between a buying organisation and a group of pre-qualified suppliers
a procedure where businesses put in their requested bids for suppliers, and, over the course of several days, get back counter-offers from suppliers
a process used to procure goods and services in real-time over the Internet
a tool for procuring goods and/or services against a published specification through competition
FXall and Atriax have a reverse auction business model, in which corporate clients request a price, and then several banks submit bids for that trade.
An auction where buyers list items they want and then sellers who have these items contact the buyers.
An auction that typically lasts only a matter of hours. This intense period of bidding activity is facilitated by Orbis Online's proprietary real-time software, which initiates a web-based bidding session that features graphical representations of real-time bidding activity.
An auction in which buyers post items they want and the sellers then respond.
Also called a buyer's auction, a reverse auction empowers buyers, allowing them to find the lowest bidder among suppliers/sellers.
A reverse auction is an auction in which the usual roles of buyer and seller are reversed. In a reverse auction, a company specifies its need for a product and the suppliers submit offers for the good. MRO goods are especially suited for reverse auctions.
Unlike a regular auction, where the highest bidder wins, in a reverse auction a buyer awards business to the lowest bidder.
A type of auction in which the role of the buyer and seller are reversed. In a typical reverse auction, a buyer specifies what is to be purchased and, through an auction process, awards the procurement to the lowest bidder.
Compared to the regular auction whereby the highest bidder will be awarded the contract, here, the demand is auctioned off, i.e. several bidders will place bids.
A reverse auction (also called procurement auction, e-auction, sourcing event, e-sourcing or eRA) is tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction, buyers compete to obtain a good or service.