reverse auction

US: rɪˈvɝːs ˈɔkʃən
Translation Definition
NEW

Translation of reverse auction into Hebrew,

Noun

business

TECH.
type of bidding event where sellers compete by offering decreasing prices
TECH.
מִכְרָז הָפוּךְ מְכִירָה פּוּמְבִּית הֲפוּכָה
  • The company held a reverse auction to choose its new office supplies vendor.החברה ערכה מכרז הפוך כדי לבחור ספק חדש לציוד המשרדי.

Adjective

business

TECH.US
related to a buying process where sellers compete by lowering prices
TECH.US
מִכְרָז הָפוּךְ רֶכֶשׁ הָפוּךְ
  • The company adopted a reverse auction model for all major supply contracts.החברה אימצה מודל מכרז הפוך לכל חוזי האספקה המרכזיים.
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Synonyms and analogies of reverse auction in English

adj.amuseentertainMore synonyms

Examples of reverse auction in a sentence

  • The procurement team suggested a reverse auction to cut software licensing costs.
  • We implemented a reverse auction platform to source office supplies more cheaply.
  • The new reverse auction system cut our procurement costs by 15 percent.

reverse auction: Examples and translations in context

Can I extend a reverse auction?

האם אפשר להגדיל את המשכנתא ההפוכה?

Unlike a traditional auction, the winner of a Reverse Auction is the person who makes the lowest unique bid.

בשונה ממכירה פומבית הזוכה במכרז ההפוך הוא זה שהציע את ההצעה הנמוכה ביותר.

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