Online reverse auction purchasing contracts

Author: Emiliani M.L.   Stec D.J.  

Publisher: Emerald Group Publishing Ltd

ISSN: 1359-8546

Source: Supply Chain Management: An International Journal, Vol.6, Iss.3, 2001-08, pp. : 101-105

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Abstract

Discusses the types of terms and conditions that typically accompany purchasing contracts resulting from online reverse auctions for industrial components. Identifies the terms and conditions that perpetuate traditional batch-and-queue production practices. Concludes that buyers must construct terms and conditions that support the implementation of lean production by suppliers in order to achieve congruency with strategic business goals.