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History for Compression (history as of 07/30/2014 10:48:34)

Compression is the term used to describe the cost reduction for an item when using an e-negotiation process such as an RFI, RFP, and/or an RFQ. When multiple vendors are competing for business on the same product or service for the same buyer, the prices will fall. Compression is typically achieved through the use of an E-Commerce system.

  

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