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Are you
Common Auction Misconceptions working with
your suppliers
1. Auctions are only for “commodity” items to continue to
drive savings?
2. Auctions only work in markets where there are large numbers of suppliers
Suppliers can
with similar capabilities be a strategic
3. Auctions are only about price partner in the
ongoing effort
4. Auction benefits are not sustainable or fully implementable to engineer
5. Auctions ruin supplier relationships and long-term partnerships costs out of
the supply
chain.