Webcast: Recession and Reverse Auctions

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August 19, 2009 2:00pm EDT

With the global economy mired in deep recession, e-auctions have, once again, emerged as a most-favored tool for achieving immediate cost savings. Organizations that did not formerly use reverse auctions are now adopting them and many more are combining RFx processes with reverse auctions to extract maximum value from deflationary markets for commodities, goods, and services.
But, unlike the comparatively mild 2000-2002 economic slump-when reverse auctions first came into vogue-the current recession is much deeper and has put many suppliers into deep financial peril. While the short-term benefits are certainly attractive, use of e-sourcing and e-auction tools needs to be closely aligned with strategies for promoting long-term supply-chain health and competitiveness.

This special FREE WEBCAST will convene a panel of experienced e-sourcing professionals to discuss:

• How they are using e-auctions and other e-sourcing tools in the current economy,

• How the current period differs from 2000-2002,

• Best techniques for determining if e-sourcing/e-auctions are the correct tools to deploy in particular markets, and

• E-sourcing/e-auction best practices and key learnings accumulated over the last decade of use.

Moderator
Paul Teague
Chief Editor
Purchasing

Featured Guests
Duncan Jones
Senior Analyst
Forrester Research

Melissa Wiley, PMP
Procurement Consultant
Alcoa Global Procurement

This WEBCAST will feature LIVE Q+A with audience members, so invite your colleagues and come prepared with questions.

This Purchasing Magazine learning event is brought to you as a courtesy of
Zycus

Posted Aug 7, 2009