What am I bid?

What am I bid?

Making the most of Internet auctions

Electronic networks have brought many new opportunities to businesses, but arguably the most important arise in procurement. Experience, however, has been mixed, with some IT firms providing expensive and cumbersome software based on little understanding of the underlying auction theory. The key is to get the economics of the specific markets right; and then back up this understanding with Internet-based IT solutions, bringing smaller and more flexible solutions at a fraction of the cost.

What am I bid?