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Description

An online Purchase auction is a very effective tool in the hands of Materials/Purchase Department to reduce the Procurement cost in todays highly cost competitive environment. Typically, any high value Purchase, be it a Material or a Project or a Service, one time or recurring, can be procured through an online bidding event. It brings about a great deal of transparency, competition through dynamic pricing, convenience and savings in time and life cycle cost for both the Buyer and the Seller.
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