An e-RA is an offline,real-time dynamic auction between a buying organization and a group of pre-qualified suppliers who compete against each other to win the business to supply goods or services that have ill-defined specifications for design,quantity,quality,delivery,and related terms and conditions.

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An e-RA, or electronic reverse auction, is an online, real-time dynamic auction where suppliers compete to offer the lowest price for goods or services with well-defined specifications.

An E-RA Is an Offline,real-Time Dynamic Auction Between a Buying