Glossary · F← Back to full glossary
What is Forward Auction?
A Forward Auction is an online auction where buyers compete by increasing their bids to purchase goods or services. The highest eligible bid generally wins.
How AI-ready is your procurement function? Take the free 2-minute assessment. AI-Readiness Assessment
Check AI ReadinessA Forward Auction is an online auction where buyers compete by increasing their bids to purchase goods or services. The highest eligible bid generally wins.