E-reverse auction
The e-reverse auction ( also eRA, electronic reverse auction ) is an internet-based , procurement-initiated, English reverse auction in business-to-business .
definition
An e-reverse auction has the following properties:
- Internet-based : since electronic auctions are almost exclusively processed via the Internet, electronic and Internet-based can be assumed to be synonymous here.
- Initiated on the procurement side: E-reverse auctions are only used in procurement, so they are always procurement auctions .
- English auction : Bids are disclosed without delay ( real-time auction ) ( open auction ), whereby your own bid can be improved.
- Reverse auction : a reverse auction ( reverse auction , Descending-Price Auction ) exists whenever the price falls in the auction process.
procedure
The purchasing company specifies its needs and auctions them among several competing suppliers. These undercut each other, based on a customer-side maximum price, until the tendering phase ends in a defined manner. Then the buyer should accept the best offer for him from the offers. In fairness there is often no obligation to accept an offer. Different variations from these specifications are possible depending on the design of the auction form.
Individual evidence
- ↑ See Kleusberg , Peter: E-Collaboration and E-Reverse Auctions, Saarbrücken 2009, pp. 16-25.
- ↑ See Engelbrecht-Wiggans , Richard and Elena Katok : E-Sourcing in Procurement, in: Management Science, 52nd year (2006), No. 4, p. 581 and cf. Beall , Stewart, Craig Carter , Phillip Carter et al .: The Role of Reverse Auctions in Strategic Sourcing, p. 22.
- ↑ See Mishra , Debasis and Dharmaraj Veermani : An ascending price procurement auction for multiple items with unit supply, in: IIE Transactions, Vol. 38. (2006), No. 2, p. 128.