A Reverse Auctions PowerPoint I put together. We worked as a team to gather most of the information, however I put together the presentation itself.

5. Types of Reverse Auctions Major Types of Reverse Auctions There are several different varieties of auctions, with a key differentiator being the way in which information is revealed around price between the bidders. Reverse Auction Bid Price Time Type Description Effect on Time Visible Price Price is know by the all the participants but the identity of the other bidders is unknown Time constrained (minutes-hours) Ranked Bidder Price is not shown to the bidders. Instead they are only aware of where they are in order relation to the “winner” Time constrained (minutes-hours)

6. e-Procurement Benefits Indirect Procurement Direct Procurement/ Supply Chain Sourcing Price reduction Visibility of customer demand Unit cost reduction Improved contract compliance Visibility of supply chain capacity Enhanced decision making Shortened cycle times Accuracy of production capacity Improved market intelligence Reduced administrative costs Reduced inventory/operation costs Enhanced inventory management Shortened procurement cycle times

14. Questions