Reverse auctions: cut costs, save time, buy smarter
It’s one of the oldest and most effective tools in procurement. Learn modern best practices for conducting a reverse auction that benefits both you and your suppliers.
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What’s in the ebook?
Reverse auctions have the potential to save you 15-20% more than traditional bidding methods. This ebook provides step-by-step guidance through all 6 stages of a reverse auction. Plus, explore how an AI-driven, automated eSourcing platform streamlines and simplifies procurement activities like eAuctions and RFx.
Learn to conduct a reverse auction that:
Increases supplier diversity by involving more suppliers from around the globe
Speeds up the process of finding the best market price
Strengthens supplier relationships with clear, open communication
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About Esker
Esker, the leading AI Automation Suite for the Office of the CFO, offers Source-to-Pay and Order-to-Cash solutions built to optimize working capital and cashflow, enhance decision-making, and drive smarter growth strategies. Offering 40+ years of industry knowledge, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
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