Supply Chain Glossary

Glossary  >  A  >  Auction  


 

Auction


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

An auction is the process of buying and selling goods or services by inviting competing bids from a number of participants.  Competing participants in an auction may or may not know the identities or actions of other competitors.  Forward auctions involve buyers submitting competing bids, with the price typically increasing during the auction.  Reverse auctions involve sellers submitting competing bids, with the bids usually decreasing during the auction.  Online reverse auctions are a common tool for procurement practitioners seeking to harness competitive tension for relatively undifferentiated categories.  Some platforms allow the buyer to evaluate bids against a variety of criteria as well as price, and bidders may have visibility on the actual prices bid, or simply the ranking of their offer in terms of competitiveness against the other bids received by the buyer.  See also Auction, Dutch.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Senior Buyer San Francisco, CA
     
     San Francisco, CA  -  PERM  -  Teldar Group

Sourcing Manager Travel FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Supply Chain Manager Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

Senior Sourcing Manager FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Sourcing Manager Fl or Tx
     
     Fl or Tx  -  PERM  -  Teldar Group

Facilities Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

IT Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Senior Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Sourcing Manager Nebraska
     
     Nebraska  -  PERM  -  Teldar Group

Senior Sourcing Analyst Metals North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Procurement Services Supervisor Sacramento, CA
     
     Sacramento, CA  -  PERM  -  Teldar Group

Global Category Leader Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 11 Jan 2023
US manufacturing operating conditions deteriorate at fastest rate since May 2020
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
United States 


Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...


Education
 

Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

Sharing Supply Chain Data in the Digital Era

Companies can use a digital marketplace to transform supply chain dynamics within their own units.Effectively managing and coordinating supply chains will increasingly require new approaches to data transparency and coll...


International Agenda