Question:

What is a Reverse Auction ?

by Guest15945842  |  2 years, 4 month(s) ago

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What is a Reverse Auction ?

 Tags: Auction, Reverse

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  1. Guest15945842
    Reverse auction is a term that is generally associated with Internet auction and e-purchasing. A reverse auction is also known by many other names, including procurement auction, sourcing event, e-sourcing, and e-auction. The first reverse auction took place in the 1990s, when the Internet was introduced as an auction tool. The reverse auction concept has continued and grown tremendously, mostly because of the success of the first reverse auction company.

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