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Resources Webinars Reverse Auction Preconceptions and Misconceptions

Webinar: Reverse Auction Preconceptions and Misconceptions

Inflation has caused problems for procurement. As a result, reverse auction use is on the rise. Best practice benchmarks state auctions should be used in 1 out of 10 RFPs. Further, reverse auctions will generate 15% more savings than traditional negotiation methods.

Even after 20 years in use as a procurement tool, there is misinformation and misunderstanding preventing organizations from enjoying the additional cost savings and improved efficiency reverse auctions produce. In this 15-minute webinar we will set the record straight.

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