Online auctions prove their staying power

Explores how the growth of online auctions is affecting businesses.

This briefing is prepared by David Armes, Co‐founder of Ivo Business Solutions.

Online auctions are the latest tool being used by organizations to reduce costs and improve margins with a wider supply base. The auctions work by pitting invited companies against each other to obtain the lowest price from suppliers. Some commentators believe that auctions may ultimately supersede traditional buying meetings.

Highlights the benefits that online auctions can bring to businesses.

Explains online auctions and how they have and can affect businesses. Presented in a condensed and easy‐to‐digest format.