It takes two to e-auction
13 September 2012
Contrary to what a minority of short-termist buyers seem to believe, well-prepared suppliers make for more successful e-auctions, argues Jenny Draper
Organisations are increasingly recognising the value of e-auctions in the procurement process. Fifteen per cent average savings, up to 50 per cent cycle-time reduction and more consistency and visibility into the sourcing process have, according to analysts AMR Research, driven 75 per cent annual growth in e-auctions globally.
E-auctions represent one of the...