eBridge partnered with a Michigan-based company to assist them in their purchase of 64,000 gallons of diesel fuel. The bid featured three suppliers, who placed a total of 250 bids throughout the reverse auction event. First place changed hands 103 times and first and second place finished within 0.04%. These two statistics showcase the competitive nature of the bid.
At the conclusion of the reverse auction, the company saved 16% versus their original budgeted amount.
The company’s purchasing director remarked, “Our organization has incorporated eBridge’s process as a best-practice in our purchasing strategy. We have run several events with eBridge and, again, have achieved great results. We can’t wait for our next bid!”