supplier cost increases at Strategic Sourcing, Procurement, and Supply Chain Management

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Reverse auctions for cost avoidance

Even in these very turbulent economic times, we are still seeing a large volume of reverse auctions being executed. However, now is a good time to remember the definition of cost avoidance, as explained on the eSourcingWiki and pulled from CAPS.
Cost avoidance is a cost reduction that results from a spend that is lower […]

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May 1st, 2006 | Posted in General, Reverse Auctions, Supply Management Best Practices, Global Supply Issues/Risk, cost avoidance, supplier cost increases

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Reverse auctions for cost avoidance

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