Reverse auctions should only be used when:
A) The materials are generic, i.e. standard shelf items.
B) All responding suppliers are fully qualified
C) All supplier materials are identical
D) The buyer does not need a long term relationship
E) All of the above

Question

Quizplus · Accepted Answer

Reverse auctions are most effective when the materials are generic and do not require differentiation between suppliers, all responding suppliers are fully qualified, the materials offered by all suppliers are identical, and the buyer is not looking for a long-term relationship but rather the best price for a specific purchase.

Reverse Auctions Should Only Be Used When