Skin ADV

Supply Chain Glossary

Glossary  >  A  >  Auction  


 

Auction


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

An auction is the process of buying and selling goods or services by inviting competing bids from a number of participants.  Competing participants in an auction may or may not know the identities or actions of other competitors.  Forward auctions involve buyers submitting competing bids, with the price typically increasing during the auction.  Reverse auctions involve sellers submitting competing bids, with the bids usually decreasing during the auction.  Online reverse auctions are a common tool for procurement practitioners seeking to harness competitive tension for relatively undifferentiated categories.  Some platforms allow the buyer to evaluate bids against a variety of criteria as well as price, and bidders may have visibility on the actual prices bid, or simply the ranking of their offer in terms of competitiveness against the other bids received by the buyer.  See also Auction, Dutch.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Warehouse & Logistics Trainer - Nottingham
     
     United Kingdom  -  Nottingham  -  PERM  -  Page Personnel

Category Manager (x4)
     
     United Kingdom  -  South East  -  PERM  -  Beaumont Select

Senior Supplier Relationship Manager
     
     United Kingdom  -  South East  -  PERM  -  Beaumont Select

Category Manager - Photovoltaics & E-mobility
     
     United Kingdom  -  Europe (non-UK)  -  PERM  -  Beaumont Select

Category Manager - Indirects
     
     United Kingdom  -  Europe (non-UK)  -  PERM  -  Beaumont Select

IT Supplier Relationship Manager
     
     United Kingdom  -  South East  -  PERM  -  Beaumont Select

Buyer - MRO - Kettering - 26,000 to 28,000
     
     United Kingdom  -  Kettering  -  PERM  -  Supply Chain People

Procurement Business Partner - Indirects
     
     United Kingdom  -  Manchester  -  PERM  -  Michael Page

Logistics Customer Co-ordinator - Logistics Distributor
     
     United Kingdom  -  Derby  -  PERM  -  Michael Page

Material Planner - FMCG
     
     United Kingdom  -  Spalding  -  PERM  -  Michael Page

Logistics Planner & Expeditor - FMCG Distributor
     
     United Kingdom  -  Mansfield  -  PERM  -  Michael Page

Logistics Planner & Expeditor - FMCG Distributor
     
     United Kingdom  -  Mansfield  -  PERM  -  Page Personnel

Senior Category Manager
     
     United Kingdom  -  South East  -  PERM  -  Beaumont Select

Procurement Analyst
     
     United Kingdom  -  London  -  PERM  -  Beaumont Select

Procurement Manager - M&A
     
     United Kingdom  -  London  -  PERM  -  Beaumont Select

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 11 Jan 2023
Global manufacturing downturn continues at end of 2022 as output and new orders fall further
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



Chemicals & Pharmaceuticals

Even industries driven by the strictest safety and environmental regulations are capable of reducing their costs. Our solutions improve each phase of the chemical logistics supply chain, to increase your supply chain performance, improve predictability and mitigate potential problems before they arise. B...


Education
 

Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

The Digital Transformation Directive: Practical Approaches To Tackling Disruptive Technologies At The C-Suite

This report provides C-level supply chain executives and their key transformation leaders with tools and frameworks to develop a roadmap and establish a directive for digital transformation.  ...


International Agenda