Which of the following is NOT considered a benefit of a reverse auction?
Posted: Fri Aug 26, 2022 10:01 am
Which of the following is NOT considered a benefit of a reverse auction?
A. Allows for the recreation and exploitation of a competitive environment.
B. Real-time supplier price revision based upon actual market conditions.
C. Multiple 'rounds' of negotiation conducted at once.
D. Specifications do not need to be very specific; suppliers can bid on an "apples to oranges" basis.
A. Allows for the recreation and exploitation of a competitive environment.
B. Real-time supplier price revision based upon actual market conditions.
C. Multiple 'rounds' of negotiation conducted at once.
D. Specifications do not need to be very specific; suppliers can bid on an "apples to oranges" basis.