The Reverse Auctions Advantages

Written by  Itbid Team on 23 June 2015
Advantages of the reverse auctions In the current context of constant change, reverse auction of purchasing allows an optimized way to meet market prices, an aspect of great use and proven efficiency for those responsible for the purchasing department of any company, regardless of size and industry in which it operates. Meanwhile, the different competitors show their competitive advantages, resulting from applying modern management techniques. The organizing firm of the auction, by acquiring new management tools gets more professionalized, wining an important time in the whole process of purchasing and managing with a transparent way the prices contributed, not always possible in a traditional negotiating process. Finally, all parties stand to gain as competitors show their level of innovation and the purchasing manager extends his productivity. ITbid, as a provider of eSourcing products and services, highly value and encourage at all times the interaction with customers, promoting change and improving their trading platform, as the suggestions received by procurement professionals’ guarantees of adaptation to current and future needs. This social aspect in the supplier-customer relationship allows us to achieve the level of innovation that our customers request, also collaborating in the development of new features and improving existing ones.


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