The Procurement Chronicles

More on reverse auctions

June 4, 2009 · Leave a Comment

Reverse auctions coming under fire in The London Times.

Found via ProcurementLeaders.com regarding the use of dynamic bidding by the National Health Service in the UK

Can reverse auctions put the elderly at risk?

It’s well documented here I’m no fan of reverse auctions, but I can’t help but agree with this conclusion by David Rae:

“My view is that a reverse auction is only as good as the person – or people – who is running it”

Categories: Drive a hard bargain · Finance woes · Procurement · Purchasing · Value of Procurement · by the numbers · contract terms · cost savings · disapproving boss · economy · finger pointing · global economy · negotiation · reverse auctions · sourcing · trust

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