Online reverse auction purchasing contracts
M.L. Emiliani
(M.L. Emiliani is a Professor at the Rensselaer Polytechnic Institute, Center for Lean Business Mnagement, Lally School of Management and Technology, Hartford, Connecticut, USA.)
D.J. Stec
(D.J. Stec is an Adjunct Assistant Professor, at the Rensselaer Polytechnic Institute, Center for Lean Business Mnagement, Lally School of Management and Technology, Hartford, Connecticut, USA.)
3094
Abstract
Discusses the types of terms and conditions that typically accompany purchasing contracts resulting from online reverse auctions for industrial components. Identifies the terms and conditions that perpetuate traditional batch‐and‐queue production practices. Concludes that buyers must construct terms and conditions that support the implementation of lean production by suppliers in order to achieve congruency with strategic business goals.
Keywords
Citation
Emiliani, M.L. and Stec, D.J. (2001), "Online reverse auction purchasing contracts", Supply Chain Management, Vol. 6 No. 3, pp. 101-105. https://doi.org/10.1108/13598540110399066
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited