Reverse Auction Strategies

The eBridge Reverse Auction Strategies Blog provides readers with news and information about how buyers and suppliers nationwide are partnering with eBridge to achieve more effective purchasing through reverse auction services
February 21, 2012 • 11:56am in eBridge, Press Releases 0

Join Our Team – Operations Assistant

eBridge Business Solutions, LLC

Position Description

Title: Operations Assistant                                                                                        

Reports to: Senior Procurement Managers/Director of Procurement Operations                                                 

Department: Operations                                                                                                      

Position Overview

eBridge is seeking an individual to fill the position of Operations Assistant. This is a part-time (25-30 hours/week) position to start but is intended to turn into a full-time position for the right individual. This position will assist in supporting the daily needs of a growing operations department promoting “best practices” solutions to public and private entities nationwide, specializing in procurement strategies.

 

Job Skills and Requirements 

Essential Skills and Qualifications-

-          Highly organized, critical thinker; possess ability to  use logic and reasoning to identify obstacles and expedite solutions

-          Ability to prioritize, plan and multi-task in a time sensitive environment

-          Excellent written and oral communication skills

-          Proficient in Microsoft Word and Excel

-          Working knowledge of Internet based software applications

-          Knowledge of standard procurement procedures a plus

Position Responsibilities and Requirements-

-          Provide daily support to the Operations Coordinators

-          Organize and coordinate online bid events

-          Identify and solicit potential suppliers to participate in online bids

-          Facilitates registration and training processes of qualified suppliers for online bid events

-          Maintain project schedules

Character Requirements-

eBridge operations professionals will have the following character traits and abilities:  

-          Integrity: possesses strong character in all internal & external relationships

-          Honesty: transparent in dealings with other team members, prospects, & clients

-          Persuasiveness:  tenacity to work past roadblocks to achieve results

-          Initiative: recognizes opportunities and takes action without being asked

-          Diligence: energized by being diligent in meeting deadlines and completing tasks on time

 

Please forward resume and expression of interest to cindy.sisloff@ebridgeglobal.com

About eBridge
Founded in 2002, Louisville based eBridge (formerly BidBridge, LLC) provides leadership in fully managed outsourced business solutions that help our customers operate more efficiently and profitably.  Our commitment and values differentiate us as we lead organizations to cost-effective business solutions.

In 2010, eBridge was named as one of the Inc. 500 Fastest Growing Companies and was also honored as a Louisville Hot Dozen. In 2011, eBridge joined the High Impact Portfolio created by Louisville Metro Government and Greater Louisville Inc. (GLI) for Louisville’s top fast-growing companies.

Tags: , , ,
Share | Facebook Twitter LinkedIn Email
February 14, 2012 • 1:16pm in eBridge, Janitorial Supplies 0

An Indiana Banking Agency Saves 11% on Their Janitorial Services Bid

eBridge partnered with an Indiana banking agency to run a janitorial services bid for several of their bank locations in Southern Indiana and Kentucky.  Prior to the bid, they were using multiple suppliers. Their goal was to find one supplier that could provide services for all locations and also save a little money.  We had an overwhelming number of suppliers (17) respond to participate in this bid.  After reviewing all the responses, the buyer only approved 6 suppliers to participate in the live bidding event.  The bid lasted 1 hour and 2 minutes. During this time, 440 bids were placed with first place turning over 14 times. Based on the low-bid, this Indiana banking agency saved 11.4% on their 3rd event with eBridge.  They were pleased with the results and eBridge will partner with them again on future opportunities.

Tags: , , ,
Share | Facebook Twitter LinkedIn Email
February 14, 2012 • 1:14pm in Higher Education, Technology 0

Arizona University Projects Savings with eBridge Partnership

An Arizona University partnered with eBridge, on their 2nd event, for the purchase of 91 Panasonic Projectors.  The purchase price included a 4-year factory authorized warranty.   Of the 8 participating suppliers, one was not approved through their corporate office to participate in a reverse auction.  eBridge offered the option to enter their “one-and-done” bid, which is similar to the traditional paper process of submitting one bid.   The supplier did not miss the opportunity to gain the Universities business and participated by entering their final bid.  During the 53 minute competitive event, 106 bids were placed with 24 first place turnovers and a spread of 0.13% between 1st and 2nd place, showing true market value.

Tags: , , , ,
Share | Facebook Twitter LinkedIn Email
February 14, 2012 • 9:32am in eBridge, Services 0

Southern California Casino Cleans 42% off Their Budget on Their Linen & Terry Laundry Services Bid

Southern California Casino Cleans 42% off Their Budget on Their Linen & Terry Laundry Services Bid

Southern California Casino ran a bid for Linen & Terry Laundry Services, with 4 participating suppliers.  In the 1 hour and 6 minute event, 234 bids were placed with 59 first place turnovers. The spread between 1st and 2nd place was 1.96%, reaching true market value.  This tribal gaming and resort saved 42% off their budgeted spend for a three year contract.  This was their 2nd event with eBridge after procurement director’s high recommendation of his experience in the first bid.  His enthusiastic recommendation to Gaming Executives reinforced the successful partnership that was developing. 

The General Manager commented that we had exceeded his expectation by over 3 times the final savings that he had hoped for.  Throughout the bid, the GM just couldn’t believe the competitive environment of the suppliers who wanted to earn their business.   The Executive Housekeeper who worked directly with eBridge throughout this event also commented that this tool makes so much sense for all their purchasing needs.    He said “The results that we received from using eBridge’s reverse auction process far exceeded our expectations.  I believe this to be a very powerful tool in finding the true market value of products/services.  With this process, I believe a buyer can really find their maximum savings potential.” – Executive Housekeeper & Environmental Services Manager

In the post follow up with the Executives, they both rated our process, expertise, service and results a 5 star rating or 10 out of 10 scorecard!!   They are considering their next purchases for e-Procurement including linens, robes, towel and capital purchases.  We look forward to serving the entire team and continuing to be an extension of their procurement strategies!!

Tags: , , , , ,
Share | Facebook Twitter LinkedIn Email
February 8, 2012 • 9:01am in eBridge, Healthcare 0

State Agency Runs Competitive Printing Reverse Auction Bid

A state health agency on the East Coast ran a very successful ID card printing bid using eBridge’s reverse auction technology.  The agency had used a previous quote to establish a budget of $147,000 for the five year contract.  Seven bidders were approved by the agency to compete for the business.  At the end of the 25 minute online bidding event, a local vendor won the bid at $107,902.   The second place bidder was only $9 behind and third place was less than $1,000 off the lead.  This once again proves that an eBridge reverse auction delivers not just a great low price, but competitive alternatives.

Tags: , , , ,
Share | Facebook Twitter LinkedIn Email
February 8, 2012 • 8:59am in Healthcare, Hospital, Services 0

North Carolina Hospital System Saves On Water Delivery

Local service contracts are often overlooked as a savings opportunity in healthcare.  However, a hospital system in North Carolina was able to cut its water delivery costs by engaging with eBridge to run a reverse auction bid for the contract.  Previously, the hospitals had four different vendors and variations in prices.  eBridge worked with the procurement office to develop specifications for a bid, identify additional potential suppliers, trained the suppliers on the eBridge website, and hosted the online bid.  Seven suppliers were approved by the hospital and the bid was broken into multiple lots.  In the end, a local incumbent supplier earned all of the business, and the hospital system consolidated its contracts and lowered its costs.

Tags: , , , ,
Share | Facebook Twitter LinkedIn Email
February 1, 2012 • 12:14pm in eBridge, White Papers 0

The Failing Euro and it’s Possible Impact on Sourcing

There is a great article out on Spendmatter.com about the impact of the falling Euro on sourcing, procurement and supply chain strategies. Procurement professionals have to develop strategies to circumvent the damage the failing Euro has done to the economy. Contracts have to be rewritten, new sourcing strategies developed and currency hedging will be vital for a successful 2012 business year.

To learn more about the falling Euro, read the full series from Spend Matters here:  http://www.spendmatters.com/index.cfm/2012/1/4/20-Ways-the-Falling-Euro-May-Impact-Sourcing-Procurement-and-Supply-Chain-Strategies-Part-1

 

To learn more about eBridge please contact us at: 1-877-245-8880, or visit our website http://www.ebridgeglobal.com

 

 

Tags: , , , , ,
Share | Facebook Twitter LinkedIn Email
January 31, 2012 • 3:00pm in eBridge, White Papers 0

Jobs or Best-Value Sourcing: Which is Right for You?

The current unemployment rate has everyone looking at where the American jobs are going. As companies strive for best value, jobs are outsourced to lower priced manufacturers. Of course this low cost comes at a price, the loss of American jobs. So which should the procurement professional be more concerned with, the lower price or the possible job loss?

This issue has been debated from every angle, politically to economically. Ideally, the procurement professional should be concerned with the best-value sourcing, whether that is local or global. Saving money on manufacturing parts internationally, may allow the company to add jobs locally in another area. There will always be disagreements where outsourcing is concerned, however don’t allow this issue to undermine what a procurement was designed for. Concentrate on finding the best-value sourcing for your company, and incorporate those savings to enhance your company.

eBridge prides itself on being a fully managed reverse auction service provider. We provide strategic sourcing based on the criteria provided by the buyer. We source for local, national, or global suppliers, based on our buyers needs. We average 36 suppliers to a buyer’s bid, and strive to reach “true market value” on every bid. 

To learn more about eBridge please contact us at: 1-877-245-8880, or visit our website http://www.ebridgeglobal.com

To learn more about best-value sourcing, read the full article from Procurement Leaders here:  http://blog.procurementleaders.com/procurement-blog/2012/1/23/paul-teague-best-value-sourcing-pure-capitalism.html

 

 

Tags: , , , , , ,
Share | Facebook Twitter LinkedIn Email
January 31, 2012 • 1:37pm in Chemicals, City Government 0

eBridge Removes 18% From The Budget of The City of North Miami Beach, FL

The City of North Miami Beach, FL partnered with eBridge to acquire their Norwood WTP Lime Sludge Removal Services. There were 3 participating suppliers with 95 bids placed, creating a competitive bidding environment. The first place bid was reduced 20 times over the 40 minute bid. The bid reached true market value with a spread of 0.57% between the 1st and 2nd place suppliers! The City of North Miami Beach, FL saved 18% on their budgeted value.

Tags: , , , , ,
Share | Facebook Twitter LinkedIn Email
January 18, 2012 • 1:58pm in eBridge, White Papers 0

European Crisis Leads to Local Sourcing

The European financial meltdown has made headlines worldwide, but it is just a small part of the global economic crisis. The devaluation of the Euro has many global businesses wondering if global sourcing is such a good idea. Procurement organizations have to consider the outcome of the volatile currency markets, when considering their supply chain risks. Currency hedging is a difficult game to play in a stable market, let alone in such a risky economic environment. In light of this, global supply contracts are being reevaluated, for more local options. Businesses are buying and selling locally, to avoid the risk of currency inflation loss.   

eBridge prides itself on being a fully managed reverse auction service provider. We provide strategic sourcing based on the criteria provided by the buyer. We source for local, national, or global suppliers, based on our buyers needs. We also average 36 suppliers to a buyer’s bid.  

To learn more about eBridge please contact us at: 1-877-245-8880, or visit our website http://www.ebridgeglobal.com.

To learn more about the eurozone crisis, read the full article from Spend Matters here: http://www.spendmatters.com/index.cfm/2012/1/10/Adding-the-Eurozone-Crisis-to-the-Reasons-Why-Local-Sourcing-Makes-Economic-Sense

 

 

 

 

Tags: , , , ,
Share | Facebook Twitter LinkedIn Email