Professional Auction Script Software by PHP Pro Bid
Professional Auction Script Software by PHP Pro Bid

Jun. 13, 2021
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Reverse Auction

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.

LL Gilbert & Associates provides this service to you at http://www.llgb2bsolutions.com. Here, you can reach out to professionals from all over and contract work for your project. This can save you time and money, preserving the bottom line for your business!


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