Auctioning puts BT tenders online_3
18 July 2012
BT plans to advertise 10 per cent of its tenders on the Internet when it rolls out an e-commerce reverse auctioning system this month.
The company has been piloting the new system since the beginning of the year, said Anthony Peake, head of online trading community BT MarketSite. BT’s own purchasing department signed up to the site last October for its internal e-procurement.
Reverse auctioning is a process in which buyers advertise to suppliers that they are seeking goods or services for a...