Resources

Reverse Auctions Become A Diplomatic Tool

[...] The State Department found a diplomatic solution to purchasing commercial products and technology without alienating vendors or paying top dollar. Foggy Bottom procurement officials now use FedBid's reverse auction technology to negotiate the lowest price for everything from light bulbs to laser printers. [...]

http://www.fcw.com/article95594-08-14-06-Print

Forward Thinking About Reverse Auctions

[...] Reverse auctions achieved fame when General Electric, the poster child for e-business, touted phenomenal savings from using the method. GE CIO Gary Reiner claimed the company saved approximately $600 million by using reverse auctions in 2001, which was a net savings of 8 percent. [...]

http://www.cio.com/archive/060103/gains.html

Backward thinking: reverse auctions could help you get more contracts.

[...] Airlines instituted reverse auctions last year to buy everything from bag tags to electricity, and it's saving an average of more than 15 percent on contracts. Southwest plans to put more contracts up for bid via reverse auction [...]

http://www.allbusiness.com/periodicals/article/251904-1.html

US states will spend $450 mln on reverse online auctions

The US General Services Administration implemented reverse auctions in fiscal 2003, and has seen 12% to 48% savings over the last few years [...]

http://blogs.zdnet.com/ITFacts/wp-trackback.php?p=6750

The New RFQ: the reverse auction

Unfamiliar with the reverse auction? It is an online auction where you bid the price you are willing to sell your product at [...]

http://www.b2blog.com/2005/10/new-rfq-reverse-auction.htm

All Answer About Reverse Auctions

A reverse auction (also called "online reverse auction," "e-sourcing," "sourcing event," or tender) is a type of auction in which the role of the buyer and seller are reversed with the primary objective to drive purchase prices downward [...]

http://www.answers.com/topic/reverse-auctions