A large water and sewer agency in South Carolina recently ran its second annual chemical bid with eBridge and once again lowered its chemical costs. These results were consistent with other water agencies that have run multiple events with eBridge.
There are several reasons why eBridge can deliver savings in successive years on the same commodity. First, we are constantly sourcing to bring additional qualified suppliers to our bids. Second, the suppliers are coming into the bids prepared to lower their prices and compete for the business. Third, we are constantly working to become better at the process of running an effective reverse auction and the results prove that we handle the details exceptionally well.
A well run reverse auction creates real time free market competition that delivers the best market price for a buyer. There are many steps to running a great reverse auction and eBridge has the expertise and experience to deliver value for our clients.