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We are a group of avid students who are dedicated to searching the realms of online auctions and sharing those aspects, insights, and thoughts that we find relevant and interesting.

Monday, November 7, 2011

B2B Online Auctions

A lot of times, as consumers, we tend to think of online auctions to being strictly focused on end-consumer terms. But there are many companies who bid for bulk products via online auctions. Even manufacturers bid on parts from suppliers.

But unlike sites such as eBay, Quibids, and other consumer auction sites, B2B auctions have very unique ways of bidding. For example, there is what is called "English reverse auction," in which it is the suppliers that actually offer their prices to buyers. They bid on lower and lower prices until the buyer decides on the price he/she needs. This also gives way to what the business world refers to as optimization, which helps the buyer decide which supplier is most likely to provide the best value in goods and services.

As online auctions continue to innovate and change, so will the way not only consumers buy products, but also businesses and organizations.


http://www.procurementleaders.com/magazines/european-leaders-elp02/articles/11707/
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3 comments:

  1. jackNovember 9, 2011 at 12:45 AM

    Selling of products is possible by
    online reverse auctions

    ReplyDelete
  2. RaymondNovember 29, 2011 at 2:38 PM

    This is a very tactical way for buyers to purchase there parts. im sure that biding on these type of auction sites gives them the opportunity to purchase at a very low cost. a cost at which they would no nothing of otherwise.

    ReplyDelete
  3. gpnbNovember 30, 2011 at 9:10 AM

    Wow. That is something i never would i have thought of. Businesses are also so much larger and are a large market then consumers as a whole. I know of contract bits but this is a little different from that but really interesting

    ReplyDelete

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