'Suppliers will kick and scream before they participate...' In the world of B2B auctions, the reverse auction is king. But is that just the buyer talking? Adrian Mello investigates the benefits or ...

Saving money has always been a prime directive for successful businesses, and for many people, online reverse auctions may look like an effective e-business tool for doing just that. But research and ...

Although the General Services Administration eagerly rolled out its own reverse auction platform earlier in July to generate lower prices on commodity goods for federal agencies, newly introduced ...

ome large corporations are participating in online reverse auctions to procure hotel rates, a practice that puts hotels in a very competitive medium and shaves weeks off the traditional RFP process.

IN THIS DAY and age, most of us take it for granted that technology can make a process easier and more efficient. But sometimes it is necessary to take a step back and review if a device is delivering ...

Addressing fees and the need for oversight and guidelines would help avoid what one lawmaker called the trap of 'making it up as we go along.' Federal procurement experts told lawmakers that the ...

We often speak of “the government” as if it operated in a different world with different rules. “The government,” for instance, has its own accounting standards different from the private sector. “The ...

What are reverse auctions? Are they occurring in corporate travel management? If so, what is their legality? A: A reverse auction is a process in which a buyer, such as a corporation, begins by ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, ...

In the world of B2B auctions, the reverse auction is king. Reverse auctions are so named because, as the auction progresses, prices are bid down rather than up as they are with ordinary forward ...