In this video, K2 Sourcing provides perspective on reverse auctions for procurement. If you take one thing away from this presentation, it is that a reverse auction is one of many tools to help automate the strategic sourcing and, ultimately, the category management process.
Let’s face it, a big part of why companies invest in procurement is to put a reliable supply base in place and improve profitability. There are factors that help create the “perfect storm” and help procurement achieve significant savings. Here's what I've experienced first hand
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Industries and universities across the globe are feverishly trying to keep up with the demand for tech-savvy innovators, especially in the field of supply chain management.