Reverse Auction
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It is on Reverse Auction presented by Rajat Rathore and Pragati Saraf of FMG-18A, FORE School of Management
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Reverse Auction
- 1. REVERSE AUCTIONING By: Rajat Rathore(91042) Pragati Saraf(91040)
- 2. Buyer Reverse Auction Suppliers
- 4. Reverse auction buzz started with the success of www.priceline.com . The success story continued with numerous vortals doing huge business in their area of specialization. The first Indian vortal on tea www.teauction.com had revolutionized the contemporary business practice of Tea Auctions. Short History
- 7. No, All purchases are up to the sole discretion of the Company. Factors which influence Companys may include but are not limited to: Does the lowest bidder always win the bid? Seller’s Capability Seller’s Reputation Seller’s Location Seller’s Price Seller’s Quality Seller’s Delivery Date Seller’s Terms
- 8. Offerors Competing can be anywhere in the world…just need to have Internet access Bidder 1 Bidder 2 Bidder 3 Bidder 7 Bidder 6 Bidder 5 Bidder 4
- 10. The company will send complete information about its adoption of internet as buying mechanism to world’s leading exporters. The approved sellers will be intimated through email (once data base is set up). Intimation about an action
- 13. THANK YOU
Editor's Notes
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.
- 1. Government and in some cases reverse auction partner can identify potential sources. 2. Government will screen sources for best candidates based upon selection criteria and past performance. 3. Responses to RFP's are reviewed and competitive range is established. 4. Suppliers in the competitive range are issued passwords and allowed to participate in the event. 5. Criterion for award are left solely to the discretion of the Government.