Nicholas Cerame’s Post

REVERSE AUCTION: A reverse auction is a procurement method where multiple sellers compete to win a contract by offering progressively lower bids. In contrast to a traditional auction where buyers bid higher amounts, in a reverse auction, sellers submit decreasing bids over a set time period. The buyer sets the specifications and requirements, and sellers compete by reducing their prices to secure the contract. This process aims to drive down costs and encourage competitive pricing among sellers, ultimately benefiting the buyer by potentially obtaining goods or services at the lowest possible price. #reversedlogistics #supplychain #supplychainmanagement #supply

Online Auctions? What happens when you get more than you bargained for? The collateral costs associated with online auction activity may outweigh or eliminate any recovery revenue to the extent that the auction ends up COSTING the manufacturer more than if they had simply scrapped the product. In this white paper you'll learn the real cost of online auctions, and how to overcome them. Download Free white paper now: https://lnkd.in/gqP8ebG2 #reverselogistics #refurbished #consumerelectronics #supplychainmanagement #logistics #forwardlogistics #reverselogistics #3PL #customizablesolutions #tailoredsolutions #optimization #efficiency #costsavings #businessgrowth #industryveteran #dedication #professionalism #teamwork #organizationalsuccess

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The buyer has more leverage in most negotiations, because it is almost always easier to buy than it is to sell.

Selling your inventory through auctions can be a complex task, especially when you have unique needs and specific goals. Auction-based liquidation is a flexible and effective solution that allows you to tailor the process to meet your requirements. In this blog post by Goospares https://lnkd.in/d52ajAmv, we will explore various ways to optimize your inventory liquidation through auctions, making it easier to understand and implement. By following the tips we have talked about, you can ensure that your inventory liquidation auction is a success. #inventoryliquidation #auction #business #sales #inventorymanagement

Consider these 6 things while negotiating as a Buyer!

🔄 Discover the Benefits of Reverse Auctions! 🔄 No more waiting for ages in the buying process! 🚀 The Reverse Auction (RA) is changing how we bid, making it faster from months to just a few days. 🕒 Here, suppliers lead the way, bringing prices down to secure the deal. 💰 Suppliers who are already approved bid in real-time, figuring out their position and improving their offers as they go. 🌐 The outcome? A fair and sensible price, quickly set for both buyers and sellers. 🌟 Join the future of buying and selling with Reverse Auctions! #innovative #buyingandselling #auction #efficiencyboost 🚀

If you're sitting on surplus equipment, wondering how to offload it without the headache, let me introduce you to the game-changer: online auctions. These digital platforms offer a plethora of benefits that streamline the selling process and maximize your returns, all while minimizing the hassle on your end. Let's delve into the advantages https://shorturl.at/HMWY6

🌐 Elevating Transparency in Tendering! 🌐 Ever wondered about injecting more transparency into the tendering process? How about boosting competitiveness through a game-changing approach? Yes, I'm talking about the power of reverse auctions! Share your thoughts! 💬 #Transparency #Tendering #ReverseAuction #InnovationInProcurement Reverse Auction - A reverse auction is an innovative procurement method where sellers compete to win business from a buyer. In contrast to a traditional auction where buyers bid to purchase goods or services, in a reverse auction, sellers bid competitively to secure a contract. The prices typically start high and decrease as sellers submit lower and more competitive bids, ultimately resulting in the lowest acceptable price winning the contract.