Relationship-Preserving E-Procurement Auction

• Main Authors: LAU, Hoong Chuin, PARK, Jong Han, LEE, Jae Kyu
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: auction; e-procurement; supplier relationship; Artificial Intelligence and Robotics; Business; Operations Research, Systems Engineering and Industrial Engineering
• Online Access: https://ink.library.smu.edu.sg/sis_research/366
• Institution: Singapore Management University

While e-procurement auction has helped firms to achieve lower procurement costs, auction mechanisms that prevail at present in procurement markets need to address an important issue that concerns the ability to maintain long term relationships with the partners, especially in repeated e-procurement...