Abstract
One of the first ways in which the Internet was leveraged in supply management was the online reverse auction, which represented my first exposure to modern-day electronic procurement. In this chapter, I trace this journey from the early experimentations with online reverse auctions to their current state. A common theme throughout the chapter is the provision of best practices and lessons learned. In addition, I will describe the mechanics of online reverse auctions and what benefits may be derived by suppliers.
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Schoenherr, T. (2019). The Advent of the Internet and Online Reverse Auctions. In: The Evolution of Electronic Procurement. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-319-93985-8_4
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DOI: https://doi.org/10.1007/978-3-319-93985-8_4
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