Opening bids
13 September 2012
Online auctions are not only a labour-saving device, they also widen the market and force suppliers to share the squeeze on margins. Eurof Thomas describes how one US company has benefited
Although e-commerce has freed buyers from the grind of paperwork, there are plenty of new demands on their skills. E-commerce encourages companies to source globally, for example, and buyers often have to identify new suppliers in different countries.
In a recent study for FreeMarkets, an online auction specialist, most purchasing professionals said that “...