Reverse auction expert Dr. David Wyld explodes the myths that surround reverse auctions and have hindered more widespread adoption. Given the state of the economy and the proven effectiveness of reverse auctions, Dr. Wyld writes that it is time for state leaders to ask why more procurement dollars are not being spent through reverse auctions to ensure savings.
Applying electronic technologies to the acquisition of commercial items generally results in savings for the taxpayer by increasing both government efficiencies and broader supplier participation.
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