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Introduction of reverse auction History of Reverse auction Issues and Opportunities in reverse auction Current state of reverse auction
Home Buy online Sell online E-commerce Online shopping Reverse Auction Introduction of reverse auction History of Reverse auction Issues and Opportunities in reverse auction Current state of reverse auction	Custom Search Custom Search

A reverse auction (also called procurement auction, e-auction, sourcing event, e-sourcing or eRA) is a tool used in industrial business-to-business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service. In a reverse auction, sellers compete to obtain business.