Reverse Auctions (e-RA) are transforming procurement by driving transparency, competition, and value for money—but only when used correctly.
In this comprehensive session, Mr. Krishan K. Batra explains the end-to-end concept of E-Auction and Reverse Auction, drawing from practical procurement experience. The video covers why organizations adopt e-RA, how it works, its advantages and limitations, ethical considerations, and the typical reverse auction process used in public and corporate procurement.
This session is ideal for procurement professionals, PSU officials, project managers, suppliers, and policy stakeholders seeking clarity on when and how reverse auctions should be conducted.
Topics Covered in This Video:
What is E-Auction & Reverse Auction (e-RA)?
Why Reverse Auctions are Used in Procurement
Advantages & Limitations of Auction Models
Key Benefits of Reverse Auctions
How Reverse Auctions Work (Step-by-Step)
Ethical Issues & Compliance Risks in e-RA
How to Conduct a Reverse Auction
Typical Reverse Auction (e-RA) Process Flow
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