Following the demise this month of ProcurePoint, a third-party provider of hotel reverse auction software, industry sources told Business Travel News that other vendors are attracting an increasing ...

In the world of B2B auctions, the reverse auction is king. Reverse auctions are so named because, as the auction progresses, prices are bid down rather than up as they are with ordinary forward ...

Suppliers existing on already thin margins are fearful of being beaten down on price by powerful buyers. So why would they embrace reserve auctions, which end up awarding contracts to the cheapest ...