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It is like reverse auction, in which a buyer requests would-be sellers to submit bids; lowest biddder wins.

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Demetris Boehm

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3y ago

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What is electronic tendering system?

It is like reverse auction, in which a buyer requests would-be sellers to submit bids; lowest biddder wins.


What are the advantages and disadvantages of tendering systems?

The disadvantage of tendering systems is that they are very competitive. The advantage to tendering systems is that they always guarantee performance.


What is e-tendering?

E-tendering is the electronic process of soliciting bids for procurement through online platforms. It allows organizations to publish tender documents, receive bids, and evaluate submissions digitally, streamlining the procurement process. This method enhances transparency, reduces paperwork, and facilitates easier communication between buyers and suppliers. E-tendering is commonly used in public sector projects and private sector contracts.


What are the recent trends used in hospital stores department?

Trends: Automated store internet tendering Palletisation Stockless purchasing Electronic Data interchange Canalization MUSIC-3D


What are the methods and procedures used in procurement?

There are many methods and procedures in procurement. Some of these methods and procedures include open tendering, restricted tendering, two page tendering, and request for proposals.


Is tendering a word?

Yes.


Where can you get tendering articles of dr irfan ahmad?

you can find tendering articles of dr irfan ahmad on http://ezinearticles.com and http://www.articlesbase.com


What is tendering a stock?

Wow, just wow.


What are the limitations of tendering as a method of purchasing?

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What are the limitation of tendering as a method of purchasing?

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What is spot tendering?

Spot tendering is the process by which a company solicits bids from carriers or freight brokers for individual shipments on an ad-hoc basis. It is typically used when regular transportation contracts are not in place or when additional capacity is needed to cover specific loads. Spot tendering allows companies to secure transportation services as needed, often at competitive rates.


What are the benefits of using Class 2 Digital Signature for e-tendering processes?

Here are some key advantages of Class 2 Digital Signature for e-tendering- Enhanced Security: Class 2 Digital Signatures provide a high level of security by authenticating the identity of the sender and ensuring the integrity of the tender documents. This helps prevent fraud, unauthorized access, and tampering of sensitive information. Legal Validity: Digital signatures issued by authorized Certifying Authorities (CAs) carry legal validity, making them admissible in court. This provides a solid legal foundation for e-tendering transactions, reducing disputes and establishing a reliable and trustworthy electronic environment Time and Cost Savings: By eliminating the need for physical paperwork and manual signature verification, Class 2 Digital Signature streamlines the e-tendering process. It reduces administrative burdens, saves time, and cuts down on paper and printing costs.