'Suppliers will kick and scream before they participate...' In the world of B2B auctions, the reverse auction is king. But is that just the buyer talking? Adrian Mello investigates the benefits or ...

REVERSE AUCTIONS MAY seem a consumer-centered technology, but savvy businesses are discovering that by allowing buyers, contractors, and service providers to bid prices down, they save more than just ...

Getting your Trinity Audio player ready... Switching the company that manages Colorado’s state employee drug plan is estimated to save more than $27 million over the next five years, but the manager ...

Even the cloud of economic uncertainty and hardship can have a silver lining. Brown will be able to save about $15 million over the next five years in heating and electricity costs, thanks to a new ...

Among the new reforms is a reverse auction which will allow competitive bidding online. It's being described by some as "eBay in reverse," where vendors get more than one chance to bid on a city ...

The reverse auction request placed by the solution provider must be an order worth a minimum of $5,000, and distributors that want to bid are required to reply within 24 hours and ship the order ...

The state would like to buy items like pencils and paper through a “reverse auction” using the Internet. The reverse auction, used by 13 other states including Iowa and Minnesota, would allow the ...