Auction

Auction Quotas and International Trade

Acceptance of E-reverse Auction From the Buyer Perspective, the Law and other Social Sciences

E-reverse auction is ''an online, real-time dynamic auction between a buyer organization and a group of pre-qualified suppliers”' (Beall et al., 2003). There occurs a competitive environment, which can lead to great price reductions for the items auctioned. In addition, cycle-time savings for buyers and suppliers, growing markets, accessing to a larger pool of suppliers can be the other advantages (Schoenherr and Mabert, 2007; Mithas et al., 2008). Using e-reverse auction also includes risks such as damaging supplier relationships and increasing the total cost of procurement (Schoenherr and Mabert, 2011; Mithas et al., 2008; Hartley et al., 2006). This leads to a resistance from internal users and suppliers in the use of e-reverse auction (Schoenherr and Mabert, 2007). In the current study, a research model including risks and benefits of using e-reverse auction is proposed in order to understand the important factors in the decision to use e-reverse auction.[1]

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Notes and References

1. Cigdem Gumussoy, Bilal Gumussoy, “Acceptance of E-reverse Auction from the Buyer Perspective” (Encyclopedia of Information Science and Technology, 4th Edition, Information Resources Management Association, 2018)

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