NASPO hosted more than 500 state procurement professionals, suppliers and other guests, April 9-11, in Denver, Colorado, during the 2019 NASPO Exchange. The number of attendees included representatives from 42 states, as well as 166 companies that are supportive business partners to state government agencies. This year’s Exchange conference was co-hosted by NASPO ValuePoint. MMCAP, the Minnesota Multistate Contracting Alliance for Pharmacy, also provided support for Exchange by co-hosting the audio-visual for the event.
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Are reverse auctions a win-win for both parties? The answer depends on who you ask, and as always, “the proof is in the pudding”. If done right, they can be a win-win for both buyers and suppliers. The online reverse auction is a cost-effective way in which a single buyer procures goods or services from multiple bidders using an online bidding platform. In this article, we will share a few tips to help demystify reverse auctions and maximize mutual benefits for both parties.
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