Auction

Mastering the RFx Process: A Comprehensive Guide to Strategic Sourcing

By Hemlata Maheshwari / September 22, 2025

Procurement can feel complex. Teams want speed, clear steps, and strong choices. You look for the right vendors, fair terms,...

Mastering the RFx Process: A Comprehensive Guide to Strategic Sourcing

What is RFI? A Comprehensive Guide to Requests for Information

By Hemlata Maheshwari / September 22, 2025

Buying well matters. In procurement, you want fit, value, and less risk, and you want it without guesswork. You might...

What is RFI? A Comprehensive Guide to Requests for Information

Sourcing vs Procurement: What’s the Difference and Why Does It Matter?

By Hemlata Maheshwari / September 17, 2025

Many teams confuse sourcing and procurement, but knowing the difference can help you run your supply chain better. What Is...

Sourcing vs Procurement: What’s the Difference and Why Does It Matter?

What Is RFP? A Complete, Practical Guide

By Hemlata Maheshwari / September 15, 2025

A Request for Proposal, or RFP, is the formal document an organization uses to explain a project need and invite...

What Is RFP? A Complete, Practical Guide

Best Employee Experience Platform 2025

By Hemlata Maheshwari / September 12, 2025

What makes great employee experience software in 2025 You want fewer apps, faster answers, and feedback tools that just work....

Auction Management

What Is a Reverse Auction? How It Works, Example, and Risks

Posted on June 9, 2025September 12, 2025by Hemlata Maheshwari by Hemlata Maheshwari in Auction Management

You must have heard about the auction, but the reverse auction took place in 1990. It is a bold idea, and it rapidly became a smart way to save money on purchasing. Big companies like General Electric first used them in the late 1990s, saving nearly 20% on a $1 billion contract. Since then, […]