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January 2008 - Energy Bidding Platform Update
The power of eDynaQuote can be applied to your competitive energy bids.
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Using Electronic Reverse Auctions to Promote “Green” Business Processes
Public and private entities can save thousands of dollars and trees every year by posting their bids online either in a reverse auction format or in an electronic RFQ.
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Top Five Buyer Rewards for Using Reverse Auctions
1. Cost Compression.
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Top Ten Ways to Identify a Good Product or Service as a Reverse Auction Candidate
1. The dollar amount should be sufficient to generate the interest of potential suppliers.
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Communication is the Key to Successful Reverse Auctions
Your competitive bidding process should always include more than one qualified vendor in order to make it a successful process.
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The Importance of Vendor Qualification when using Reverse Auctions
Without qualified vendor participation, your reverse auction will not be successful.
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Reverse Auction Preparation Time
From start to finish, a reverse auction can take as much as a month or longer to put together.
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