reverse auction in E-business

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October 25, 2010 at 5:52 pm #45691
Anonymous
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Hi,
Is revese auction a kind of C2B?
October 27, 2010 at 7:12 am #69791
Ken Garrett
Keymaster
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In a normal auction, purchasers bid for items, and the person who places the highest bid usually ends up with the item.

With a reverse auction, the buyer advertises for an item or a service. Sellers then place bids for the amount they expect to be paid. Generally, the seller who places the lowest bid will win..

It could be C2B or B2B.
October 27, 2010 at 4:41 pm #69792
Anonymous
- Topics: 18
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‘lowest bid will win.. ‘
lowest????I am puzzled.

FOR seller,is the revenue the more the better.
???

thax
October 27, 2010 at 4:41 pm #69793
Anonymous
- Topics: 18
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‘lowest bid will win.. ‘
lowest????I am puzzled.

FOR seller,is the revenue the more the better.
???

thax
October 27, 2010 at 5:33 pm #69794
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10053
Yes, but this is essentially a tendering process. The buyer says “I want to buy X”. Sellers make offers and the buyer will choose the lowest price offered. Sellers have to steer a careful course between offering to supply at a relatively high price (and not winning the contract at all) and offering to supply at a very low price, winning the contract but not making much profit, or worse, making a loss.

HTH
November 3, 2010 at 12:08 am #69795
Anonymous
- Topics: 18
- Replies: 20
got it
thax
🙂
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