How Companies Can Protect Themselves From Low-Quality Suppliers @FuquaSchOfBusiness
How Companies Can Protect Themselves From Low-Quality Suppliers @FuquaSchOfBusiness
Uploaded December 2023 | Updated September 2026, 3 weeks ago
Companies who are uncertain about the quality of their suppliers should be careful about engaging in a race to the cheapest bid. Professor Giuseppe Pino Lopomo discusses an auction system that protects from low-quality bidders while lowering unintended costs for companies.

#Auctions #Procurement #AdverseSelection #Coding

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How Companies Can Protect Themselves From Low-Quality Suppliers

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