Home e-Sourcing FAQ Is Online Bidding Right For Me? If we select suppliers through auctions, is this how we want to be seen by

If we select suppliers through auctions, is this how we want to be seen by

Answer

Each company necessarily has several purchase categories that it considers critical. For these categories, they choose to value the special characteristics of highly-respected suppliers; their patents, their craftsmanship, or key technologies. However, for the vast majority of purchases, most reputable suppliers can meet the need, within a range of performance. For those purchase categories, the use of an Online Bididng (Online Auction) tool is most appropriate to select suppliers. And now, for competitive companies, becoming more price-competitive is a critical need. We view Online Biddings as a way to address that need.

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