Business, Management and Accounting
8 years ago

Online reverse auctions revolutionize industrial sourcing strategies worldwide.

1 view
A Review of Online Reverse Auction
Tian Jian

Paper Summary

Online reverse auctions are becoming popular in business sourcing. This review article examines why they are used, the risks involved, how to use them successfully, and how they affect buyer-supplier relationships. Key findings include the importance of motives, potential risks, success conditions, and buyer-supplier dynamics in online reverse auctions.

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