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Reverse Auction – An E-Procurement Strategy

Reverse Auction – An E-Procurement Strategy

Submitted by • June 29, 2015 www.infrabazaar.com

A reverse auction is a process in which sellers bid to sell their goods and services. The bidder at a reverse auction is the seller, which is exactly opposite to a traditional auction where the buyer is the bidder. For example, a company might put up a request to procure raw material to manufacture something.

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