eBridge just did an auction for some elementary school furnishings. A west coast school district needed 300+ game rugs along with game kits to play on the rugs. We reviewed the specs for the rugs and decided our process would be of great benefit to the school district.
Six rug suppliers bid over 100 times in the action and first place changed twenty-two times. Successful once again! We saved the school district a little more than 11% off their budgeted price. We’d like to save you the same amount if not more…so run an auction with us!
Yet another successful auction runs with eBridge! Tommy Edge, our Georgia representative, was present for the pine straw mulch bid where eBridge brought six suppliers to the table. There were fifty-eight bids placed and ten time extensions. Over the course of the bid, first place changed hands ten times with an end result of over 34% under the purchaser’s budget.
Our number one goal it to give our clients the edge in the market and we do that by helping them achieve true market value. In this mulch bid we reached that goal with a 1.4% difference between the first and second place bidders. As your partner, we want to achieve this for your business purchasing needs so give us a call!
What are you going to the airport for, flyin’ somewhere? In an auction for a city airport we were successful yet again. The auction was for a runway deicer unit used to keep those icy runways dry and keep those flight delays short.
Three suppliers and 61 bids later the winning bidder came in 30% lower than the budgeted price. We average a savings of 14% but this turnout isn’t a rare occurrence for us. Whether you’re icing or deicing we’re your procurement manager.
‘Tis the season to be merry! Even though summer is here, now is the time to be purchasing for the upcoming winter season.
eBridge recently ran an event for deicing chemicals for a state transportation department.
True market value is our the main goal in each auction that we do here at eBridge and it was achieved on this chemical bid with a margin of 0.29% between first and second place. There were several suppliers competing for the top spot and first place changed hands thirteen times.
It doesn’t have to be raining out to buy a rain jacket and it doesn’t have to be cold to buy deicing chemicals so remember eBridge year-round for all of your purchasing needs.
Have you bought any computers lately? Last Thursday a Michigan school system saved approximately 13.5% on their purchase. Combined there were a total of 52 personal computers to be purchased, both laptops and desktops.
eBridge brought 4 suppliers to the table. First place turned over nine times and the clock extended 22 times. This Michigan school system used our platform to save substantial funds that can now be used in other avenues.
You may not be in the market to purchase computers but our platform is far from limited. We’ve done anything from chickens to heavy equipment. So keep us bookmarked for any of your future purchases where savings is paramount.
Dan Gordon, who serves as the Administrator for Federal Procurement Policy for The Office of Management and Budget, reported that “two promising cost-savings trends have already emerged” and one of these was the fact that “agencies are driving competition by using innovative buying tools such as online reverse auctions.”
To read more… Wyld About Business
Adds Merchant Card Services, Payroll and Corporate Purchasing Cards to Purchasing Solutions
LOUISVILLE, KY (June 1, 2010) – BidBridge, a proven eAuction services provider for the public and private sectors, today announced it will rebrand as eBridge Business Solutions to more fully encompass the company’s service offerings, which now include merchant card, web-based payroll and corporate purchasing card services, in addition to reverse auction purchasing solutions. The new services will extend eBridge’s suite of fully managed business solutions, adding value for established and growing businesses.
“While we were successful in the purchasing space, we recognized a growing need in the marketplace to support daily functions outside of core business product or service offerings,” said eBridge CEO Jim Headlee. “We decided to apply our expertise in purchasing and budget management to expand our offerings for our clients, culminating in the development of the eBridge brand.”
As the newly formed eBridge, the company’s services create efficiencies and limit internal resource consumption, providing support for:
- Purchasing Solutions – eBridge’s purchasing solutions deliver true market value in acquiring goods and services, leveraging a web-based eAuction software platform for full buyer visibility. Experience with strategic sourcing and existing vendor contacts give eBridge clients an advantage in procurement.
- Merchant Card Services – Powered by NPC, taking a consultative approach to merchant card services, eBridge provides a fully managed solution delivering value through statement monitoring and analysis, giving customers a clear picture of the costs associated with accepting credit card payment.
- Payroll – eBridge’s web based processing platform helps customers stay focused on their core business by streamlining payroll and human resource reporting. eBridge recognizes that payroll has evolved in to a commodity based solution, and have structured their payroll service to provide all the features and functionality to effectively pay employees at a very competitive price point. Whether a business pays one employee or 1000 employees, eBridge can help them maximize their payroll system capabilities with a personalized implementation plan.
- Corporate Purchasing Cards – Corporate purchasing cards help reduce costs and create efficiencies in businesses. Streamlining accounts payable functions, corporate purchasing cards assist clients in removing inefficiencies from the accounts payable process.
For more information, visit www.eBridgeGlobal.com.
About eBridge
Founded in 2002, Louisville-based eBridge provides fully managed business solutions creating efficiencies and streamlining business operations. Leveraging years of experience in purchasing, sourcing and budget management, eBridge Business Solutions’ full suite of services includes purchasing, merchant cards, web based payroll and corporate purchasing cards.
For more information, visit: www.ebridgeglobal.com.
BidBridge recently partnered with a community college system to purchase 150 of two different models of elliptical machines to outfit their college system’s fitness centers.
The reverse auction event lasted just 36 minutes with first place changing hands nine times. The four participating suppliers placed 43 bids total on the two types of machines.
The bid ended with the final low bid 24.9% lower than the school system’s budgeted amount! The savings will go directly back in to the school’s budget in order to provide additional programming in their fitness centers.
BidBridge assisted a Kentucky city with the purchase of 11 chemicals for water treatment. Chemicals are a volatile commodity, with pricing for each varying throughout the year.
Twelve suppliers participated in the bid, placing 373 total bids throughout the 2 hour, 20 minute bid. First place changed hands 111 times and the clock extended 215 times, allowing suppliers to continue to compete for the business.
At the conclusion of the bid, the city saved 23% versus budget.
It's no secret that school districts across the country are facing teacher layoffs, school closings and a decrease in extra-curricular programs due to severe budget cuts.
According to a recent article on AOL News California's education budget was cut by $17 billion over the past two years and will be cut another $2.4 billion this year... and more than 23,500 pink slips have been handed out to school employees'
But despite the gloomy headlines, one large school district is taking action. They have teamed with BidBridge to purchase several items including janitorial paper, craft supplies, game rugs and most recently an internet content filtering solution. With an average net savings of 14% on everything run through the process, examining your budget for items appropriate for the reverse auction process should be a no-brainer.
Event Summary: Internet Content Filtering Solution
During a recent event the seven suppliers placed bids on 5 line items comprising the content filtering solution. The contract is for three years.
First place changed hands 46 times and 546 bids were placed during the one hour 38 minute event.
Final price yielded 49% savings versus budget.
So next time you head read a headline about a school closing, see if they're using reverse auctions. Who knows, it could mean a better education for your children and saved jobs.