Auction rules, OK

New guidelines by best-practice group BuyIT aim to bring some clarity for buyers and suppliers bidding for business online. Geraint John reports

Interest in business-to-business online auctions has grown like wildfire over the past 18 months. In a worsening economic climate, the promise of taking 10, 15, even 20 per cent off your annual spend on a particular commodity is not to be sniffed at and reports of huge savings have attracted many companies. A recent survey by the National Association of Purchasing...

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