From 2005 to 2008, Maricopa County, Ariz., supplied bulk flour for its eight jails, which used 5.5 million pounds over the course of those three years. During that time, the price of bulk flour spiked ...

Following the demise this month of ProcurePoint, a third-party provider of hotel reverse auction software, industry sources told Business Travel News that other vendors are attracting an increasing ...

The use of digital tools in the era of AI is changing the procurement process in the modern business world. We are living in a digitized world where procurement teams need to handle tremendous pressur ...

Auction software provides consumers an exciting, competitive approach to purchasing the goods and services they need. However, launching your online auction site has historically meant learning ...

Business 2.0, CIO, Information Week, Electronic Business Mobile Computing & Communications. our years ago, after hearing the buzz about reverse auctions, leaders of the Army's ...

Suppliers existing on already thin margins are fearful of being beaten down on price by powerful buyers. So why would they embrace reserve auctions, which end up awarding contracts to the cheapest ...

Reverse auctions have absorbed a fair bit of criticism recently and FedBid, as the reigning king of the reverse auction space, has taken a few blows – but the company’s president, Joe Jordan, is ...

In the world of B2B auctions, the reverse auction is king. Reverse auctions are so named because, as the auction progresses, prices are bid down rather than up as they are with ordinary forward ...

The Electronic Components, Assemblies, and Materials Association (ECA) is developing guidelines it hopes will better balance the needs of buyers and sellers using online reverse auctions. But whether ...