Carroll County, Maryland, participated in their 3rd event with eBridge’s reverse auction technology, to purchase rock salt. There were 5 participating suppliers with 49 overall bids. 1st place changed hands 9 times, with 10 time extensions. The high-low spread was a mere 0.19%, reaching a true market value.
Archive for the ‘Industrial Equipment’ Category
A private California company recently ran a bid for their corrugated shipping containers. There were 5 suppliers, who placed a total of 76 bids. Market value was attained with a 1.06% difference between 1st and 2nd place, after 23 total first place turnovers. This new buyer is now so pleased, they are planning to run 2 additional auctions with eBridge.
eBridge recently helped the City of Louisville procure Knucklebooms, Trailers, and a Roll Off Truck in their 33rd event. There were 4 suppliers for the Knucklebooms and Trailers, and 5 suppliers for the Roll Off Truck. There were a total of 118 bids placed, and first place changing 28 times. After the constant movement ended, 1st and 2nd place were separated by only 0.14%, achieving true market value.
A private New Albany, IN company recently utilized the reverse auction process to acquire 177 workstations for assembly. Through eBridge’s assistance they were able to develop their specifications to better qualify their suppliers. Through this qualification process, 3 suppliers participated, placing 116 bids. The event lasted a little over an hour, with 1st place exchanging hands 17 times. The company is pleased with the results, and saved 10.43% on their budgeted price through their first auction with eBridge.
Earlier this week eBridge ran an auction for a regional bank for the purchase of ATM machines. The bank needed to purchase 20 new machines to comply with new ADA standards.
Due to internal software integration, the company solicited two vendors of these highly specified machines. During the auction event the two suppliers place one lowering bid each, for a total of 4 bids throughout the course of the 30 minute bidding event. Although the bid was not very active by eBridge reverse auction standards, the customer was floored by the results.
Because this is a community bank, any savings and efficiencies the bank creates in procurement directly affect its ability to enrich its local community. At the conclusion of the event, the customer was very pleased. But don’t take it from us! Here’s what the chief procurement officer had to say:
“That was some really cool stuff today. I know Jim thought it could have been more exciting but believe me, we were thrilled. I can’t imagine how an “exciting” one would be…I’m touting this as a $400,000 savings. Covers my salary for several years. Thanks again!”
Today eBridge is proud to announce a partnership with an international manufacturing firm. The company’s first event was for heavy equipment. The auction featured suppliers in Africa and the United States with the buyer residing in Eastern Europe.
Four suppliers competed for the business, placing multiple lowering bids throughout the reverse auction event. At the conclusion of the online reverse auction event, the final low price was 15.39% below the company’s projected budget.
Efficient procurement is a priority for firms throughout the world. Reverse auctions are applicable for businesses world-wide, due to the universal need for organizations to operate efficiently and profitably.
And because the solution is web-based, buyers and suppliers can be anywhere in the world to participate in a bid!
A large hospital system enlisted the expertise of eBridge Business Solutions to purchase new, state of the art radiology equipment for one of their hospitals, utilizing the reverse auction process. The purchase included four line items along with installation costs.
eBridge sourced five suppliers to participate in the event.
During the course of the bid, the five suppliers placed a total of 52 bids. The final low bids were 30% below the hospitals’ budget amount for this purchase and are poised to run several auctions for additional equipment before the end of the year.
eBridge purchasing professionals provided guidance to the hospitals’ purchasing staff throughout the process. With the expertise and strong partnership with the innovative team of purchasers at the hospital, the event was a success and delivered bottom line savings to the hospital organization.
Today at eBridge we had a successful bid run for a light-duty rescue truck. A northern city needed to purchase one and eBridge was more than happy to assist. We sourced 12 suppliers to bid, seven of which were new suppliers that had never had the opportunity to earn the city’s business.
Our team of procurement professionals trained each supplier on how the bidding process works and the auction was successful. There were 126 total bids and first place changed 10 times. Since the city chose to run this purchase through the reverse auction format we were able to save them 9.09% off their original budgeted price. We average a savings of 14% but the real goal is to achieve true market value. In this case, true market value was 9.09% below their budgeted price.
Remember eBridge for your light AND heavy-duty needs!
In 2009, eBridge ran a successful auction for a garbage truck for a small city in Oklahoma. This year the city has come back to us to purchase three more trucks. This time they decided to run two separate bids with us; one for the cab and chassis and the other for the trash packer. Six suppliers competed over the packers and four over the cab and chassis. The overall saving generated was 3% and true market value was achieved in both auctions with less than 2% between first and second place.
Here at eBridge we provide a quality “no garbage” process and we would love to run your next purchase through a reverse auction.
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.