Reverse Auction Success Story:  Even very large companies are engaging our services

eBridge recently engaged with a Fortune 500 company that had used reverse auctions in the past, but experienced limited success because their purchasing team was not fully engaged in the process and nor were their suppliers.

Knowing the reverse auction procurement process is now a best practice and that they needed to adopt it into their procurement strategy, they began looking for new reverse auction software solutions to purchase.

eBridge presented our full service solution and it resonated with them.  They saw that there was no software to purchase and maintain nor extensive internal training and that eBridge would immediately come along side their team to deliver a fully managed reverse auction process for them.  They valued eBridge’s leadership in the process in addition to the years of reverse auction experience to help them make the process change internally and to their supplier base.

When asked for their feedback, the senior procurement officer provided the following tangible results of implementing eBridge’s reverse auction services:

–          A more efficient procurement process

–          An expanded supplier base

–          Knowing we are buying “at market” in every transaction

–          Innovative technique has energized our purchasing team

–          Pocketing an extra 10-15% to our bottom-line