Adoption and evolution

February 10th, 2006 at 07:42am David Bush - Iasta

Hmmm…an article about reverse auctions and usage but no mention of Iasta? Sounds like more research was needed. But seriously, some good points are made on the usage and best practices of reverse auctions. There are still many companies jumping into the usage with both feet and this will only continue to happen as the mid-market ($250mm-$1b turnover) embraces this technology. However, there are also auction veterans that are looking for ways to continue increasing the value of e-Sourcing and discovering TCO with advanced tools such as Bid Optimization and Supplier Analytics. The market is splintering into groups that want to begin e-Sourcing and those that want to advance deeper. The key as a vendor is to provide an easy to use solution that is extensible for the future.

Entry Filed under: General, Optimization, Reverse Auctions, Supply Management Best Practices, Technology / SaaS, e-Sourcing Marketplace

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