eBridge Helps CA University Flush-Out All Doubt Towards Reverse Auctions by Achieving a 15% Savings on Their Annual Janitorial Paper & Feminine Hygiene Products

Friday, March 09, 2012

eBridge Helps CA University Flush-Out All Doubt Towards Reverse Auctions by Achieving a 15% Savings on Their Annual Janitorial Paper & Feminine Hygiene Products

By inviting 4 other campus locations to participate in their 2nd reverse auction with eBridge, this University more than doubled their bid volume making it a much more attractive bid for participating suppliers.   Several of the campus locations felt they were already getting the best possible price but still wanted to participate.   Six suppliers were excited to compete for the University’s business placing 309 bids with 39 first place turnovers during the 74 minute event.  The high-low spread between 1st and 2nd place was 0.83% proving true market value.  The auction produced a total savings of $65,500 or 15% under budget, again proving this technology and process works.  They are reviewing their largest purchases and identifying which will be the next good fit.