Here is the synopsis of our sample research paper on IMPROVING THE USE OF GOVERNMENT REVERSE AUCTIONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6-page paper discusses why reverse auctions aren't more in use and how their usage can be increased. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: AS43_MTreveauct.doc
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Unformatted sample text from the term paper:
- the lowest bid wins (OConnell, 2012). Governments rely on reverse auctions, especially during recessionary times, to obtain certain goods and services for less money - rather than having vendors
bid up the costs, the goal of the reverse auction is to ensure the lowest price on a good or service (OConnell, 2012).
Reverse auctions arent really new - theyve been around for a couple of decades. They really took off and gained popularity, however, with the emergence of Internet online auction
tools (Reverse Auctions). The idea behind reverse auctions is that, in addition to obtaining more favorable pricing, they also help reduce cycle times and lower overall supply costs (Wheaton, 2009).
The economic downturn of the past several years have forced agencies and governments to scramble and cut back on expenditures. One
of the tools being carefully examined is the reverse auction - after all, why not rely on a tool that helps reduce costs? Going further, its surprising that reverse auctions
arent used more frequently. There is definitely room for these reverse auctions to grow and as Jap (2007) puts it, this
technique will have a definite impact on the methods and processes by which firms and agencies source their goods and services. In fact, the U.S. government is starting to save
significant amounts of money through reverse auctions, with the potential to save even more (OConnell, 2012). But we arent there yet, for many reasons. The Problems with the Sourcing
Method Though this seems to be a viable way for agencies to obtain goods and services, the reverse auction method isnt used
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