GE Capital Fleet Services is helping its major customers procure fleet services via reverse e-business auctions writes FNN sister title Fleet News Europe. The online sales invite suppliers to bid for business in real time by lowering their prices.

They have proved successful in buying products and services as diverse as vehicles, daily rental services, tyres, computers and stationery. GECFS has already conducted an e-auction for the global supply of cars to its parent company General Electric's 20,000-strong fleet, and has held e-auctions for its own tyre and daily rental requirements.

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