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How do suppliers bid in a Dutch reverse auction?
They submit technical qualifications only with no pricing data
They watch the buyer increase the price periodically and bid at their lowest acceptable price
They read the buyers specifications and submit their best price
They submit progressively lower bids to beat their competitors
Which of the following sourcing event types should be used to collect each component of the price of a good or service?
Index-based event
Price breakdown
Total cost
Bid transformation
TESTED 25 Apr 2024
