Definitions for "Reverse Auction"
An online exercise in which suppliers complete against each other with open bids for the right to provide goods or services to the buyer.
businesses bid against each other for customer orders (p. 33)
a business model best suited to business in which earnings are affected drastically if sales timing is not good
a procedure in which the buyer establishes a maximum price for the supply or service and the providers offer prices lower than the established maximum
Web-based international trade matchmaking system that allows purchases and global importers/buyers to buy or source products with minimum costs.
An event with specified time parameters where qualified offerors submit lower and lower pricing--and/or and better better service--to the Government to permit an award decision by the Government.
an internet based event that takes advantage of real time communications and the responsiveness feature of electronic commerce
Keywords:  boys, separate, way, men
a way to separate the men from the boys