Best Practices for Online Procurement Auctions

Auctions have long been a popular method for allocation and procurement of products and services. Traditional auctions are constrained by time, place, number of bidders, number of bids, and the bidding experience. With the advent of internet communication technologies, the online auction environment has blossomed to support a bustling enterprise. Up until this time, the functional inner workings of these online exchange mechanisms have only been described using anecdotal accounts. Best Practices for Online Procurement Auctions offers a systematic approach to auction examination that will become invaluable to both practitioners and researchers alike.

Diane H. Parente is an associate professor of management at the Sam & Irene Black School of Business at Penn State, Erie. She received her PhD from the University at Buffalo. Her current research interests are interdisciplinary and include on-line procurement auctions, supply chain management from a multi-functional perspective, and the strategic impact of cross-functional processes. She has published in Interfaces, International Journal of Operations and Production Management, Journal of Public Policy & Marketing, Health Care Management Review, Psychological Reports, and Information Resources Management Journal, among others. Dr. Parente has previous industry experience in a variety of functional and cross-functional positions in the manufacturing, banking, and insurance industries.