University Saves Fifteen Percent on Print Contract Using Reverse Auction

An east coast university partnered with eBridge to establish a print contract for new materials for the 2011-2012 school year. The university engaged the use of eBridge’s reverse auction technology, but also the team of purchasing professionals to help create specifications and identify the right purchases for the process. This bid was comprised of two line items.

eBridge’s team worked with the purchasing team to establish neutral specifications and would allow multiple suppliers to bid on this project. One specific requirement was that suppliers be within a 300 mile radius of the university to ensure timely delivery.

During the live bidding event, the four suppliers placed 14 total bids. First place changed hands 10 times. First and second place were separated by a mere $500. The final low bid was 15% below the university’s budgeted amount.

University Saves Fifteen Percent on Print Contract Using Reverse Auction

eBridge – Reverse Auction