How do suppliers bid in a Dutch reverse auction?
Posted: Thu Apr 06, 2023 1:24 pm
How do suppliers bid in a Dutch reverse auction?
A. They submit technical qualifications only with no pricing data.
B. They watch the buyer increase the price periodically and bid at their lowest acceptable price.
C. They submit progressively lower bids to beat their competitors.
D. They read the buyer’s specifications and submit their best price.
A. They submit technical qualifications only with no pricing data.
B. They watch the buyer increase the price periodically and bid at their lowest acceptable price.
C. They submit progressively lower bids to beat their competitors.
D. They read the buyer’s specifications and submit their best price.