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e-sourcing
(redirected from Reverse auction)

   Also found in: Financial, Wikipedia 0.01 sec.
e-sourcing
The electronic procurement of products. Although purchases have been computerized for decades, e-sourcing implies more automatic procedures; especially dealing with contracts and processes that continue to be reviewed and managed entirely by individuals. See TCM and supply chain management.


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5bn worth of bonds in total in its first reverse auction - more than five times the amount it bought yesterday.
Summary: The BoE will launch its unfunded Gilt purchase today, by buying GBP2 bln in six 5-9 year Gilts in a reverse auction.
Following chapters discuss the product in terms of approaches to bundling, and multi-attribute auctions; the auction process itself, and reverse auction success.
 
 
 
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