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Reverse Auction For Transportation And Logistics By Electronic Logistics Traditionally, logistics and transportation are extremely important for successful operating of any company as well as the whole market at large. It is necessary to point out that, as a rule, the main goal of producers and sellers, as well as buyers, on the other hand, is to minimize costs for transportation and logistics and deliver goods to customers in possibly shorter terms. In the current situation, a variety of tools is used to achieve this goal. In this respect, it should be said that innovative technologies, especially IT, computing, Internet, etc., are playing increasingly more important role and are commonly used to facilitate transportation and logistics. As a result, auctions, using an electronic reverse auction platform, are growing to be popular and widely spread. First of all, it is necessary to point out that electronic reverse auctions have a lot of advantages compared to conventional auctions. Nonetheless, in order to better realize their efficiency, it is necessary to dwell upon the most significant ones. Primarily, it should be said that electronic reverse auctions may lead to a successful cooperation between producers of different goods to transport to various destinations and carriers. Naturally, it is logical to wonder what both producers and carriers benefit from such cooperation. It is worthy to note that this may lead to increasing of speed of transactions since producers receive not only the possibility to sell their goods but, at the same time, they have got a possibility to find a carrier that can deliver the goods to the destination. In such a way, two operations could be run simultaneously that seems to be extremely beneficial for sellers, i.e. producers. Furthermore, it is necessary to underline that the reverse auction provides producers with the possibility to choose from a large amount of carriers. In such a situation, the essential conditions for open and fair competition are created since producers can choose carriers on the basis of objective principles identical for all participants of the auction. On the other hand, carriers can supply their services to a large number of sellers and,
consequently, can also easily find their potential customer. Moreover, the open competition stimulates carriers to the improvement of their services and it may also result in certain decrease of costs of transportation for producers. Also, it should be said that the implementation of new technologies, notably electronic reverse auctions leads to the implementation of high technologies in transportation and logistics at large. Moreover, it also opens new perspectives for reverse auctions since, being based on electronic platform, they can involve unprecedented amount of participants. Consequently, the probability that producers will find their clients and carrier, which will transport the goods to the destination at possibly lower costs, increases. Thus, taking into account all above mentioned, it is possible to conclude that the implementation of electronic reverse auctions leading to better cooperation between producers and carriers perfectly demonstrates the possibilities of new technologies applied to business at large and transportation and logistics in particular.
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This event is now open for bidding. To place a bid or find out more, visit http://www.go-dove.com/event-16266.An online auction of equipment from  one of the leading  LED manufacturing facilities in Singapore.  Items include  lapper/polisher, CMM, diffusion furnace, mask aligner, LED wafer auto load...
San Francisco — The much-anticipated continuation of Bonhams February 12 sale of property from Serendipity Books in Berkeley, Calif., along with a great selection of European paintings and 20th century designs, will go on the auction block at Bonhams Period Art & Design sale, April 15-16 in San Fra...
Residential tower developments in London carry an average price premium of 36% over their local new build rivals, new research from CBRE has revealed. The study also highlighted that apartment prices increase by an average of 1.5% per floor.
Strata in Elephant and Castle recorded the biggest premiu...
With thousands of fixed-rate mortgage deals in the market, picking the right one for you can be tough. One of the most important issues you'll face is how long you should fix your repayments for. To help you decide, we look at the advantages of a fixed rate and the factors you should take into ...
Our next auction of Arms, Armour & Medals is on Saturday 31st March. If you have any items that you are thinking of selling, please contact our specialist Tony Cribb on 01295 272488 or email tonycribb@jsauctions.co.uk Entries will close at the end of February. The fully illustrated catalogue wil...
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