Some professional buyers are still wondering why they should take advantage of reverse auction technology. It is true that some items are not good to reverse auction, but some are very good opportunities for reverse auction. This article will give a brief look into the top five buyer rewards for using reverse auctions and how the buyer and their company can be more successful.

First and foremost, reverse auctions are used to get the best available market price at the time of the bid. In many instances, a reverse auction will result in a lower price paid than traditional sealed bids or negotiations. While savings are sometimes difficult to accurately measure, and while some costs are