Due to rising fuel costs, the Buyer expected an increase in their quarterly purchase price.  They partnered with eBridge to run the bid through the reverse auction process with a goal of keeping the increase to a minimum.  The Buyer’s goal was reached and the bid was a success.  eBridge sourced 28 suppliers and 8 were approved to participate.  The 8 suppliers competed for an hour and 11 minutes, placing 231 bids which resulted in 151 first-place turnovers.  Achieving true market value, the spread between 1^st and 2^nd place was 0.13%.   The Buyer was very pleased with the bid results and the bid has gone to award.