There's a new fad that's modifying how organizations everywhere buy goods and solutions from their providers. It's known as a "Reverse Auction".
In a conventional public auction, you know like the ones that you've seen on TV, somebody with something to offer appears in the top side of the space and everyone who wants to buy the thing shouts out a cost that they are willing to pay. The cost keeps going up until someone confirms to pay a cost that nobody else in the space is willing to top.
This new kind of public auction performs likewise, but it's just a little bit different. In this kind of public auction, the organization that you'd like to offer your goods and solutions to appears in the top side of the (virtual) space and you and all of your opponents get to scream out how much you'd cost them for what they are willing to buy. The organization that is willing to go to the smallest cost victories -- most of enough time.
These deals are often performed online. The organization that is trying to buy the goods and solutions can buy specific application that allows them to run the public auction. On a time period, at a time, each of the providers who want to sign up in the public auction will be directed to log on to a website.
Once on the website, the public auction will start. The providers will get into the cost that they are willing to offer their item to the customer for. They may also get into other factors such as distribution time period, amount, etc.
The application will assess each of the joined offers and each bid will be rated against all of the other offers. Each of the providers will be able to see where they take a position in regards to all of the other offers that have been posted.
In a conventional public auction, you know like the ones that you've seen on TV, somebody with something to offer appears in the top side of the space and everyone who wants to buy the thing shouts out a cost that they are willing to pay. The cost keeps going up until someone confirms to pay a cost that nobody else in the space is willing to top.
This new kind of public auction performs likewise, but it's just a little bit different. In this kind of public auction, the organization that you'd like to offer your goods and solutions to appears in the top side of the (virtual) space and you and all of your opponents get to scream out how much you'd cost them for what they are willing to buy. The organization that is willing to go to the smallest cost victories -- most of enough time.
These deals are often performed online. The organization that is trying to buy the goods and solutions can buy specific application that allows them to run the public auction. On a time period, at a time, each of the providers who want to sign up in the public auction will be directed to log on to a website.
Once on the website, the public auction will start. The providers will get into the cost that they are willing to offer their item to the customer for. They may also get into other factors such as distribution time period, amount, etc.
The application will assess each of the joined offers and each bid will be rated against all of the other offers. Each of the providers will be able to see where they take a position in regards to all of the other offers that have been posted.
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