Manager, Business Development
Reverse AuctionsOur fully managed purchasing solutions include reverse auctions, specification services and supplier solutions. Reverse AuctionseBridge provides fully managed reverse auction solutions, delivering an average net savings of 14%, producing hard dollar savings to your bottom line.What are reverse auctions?eBridge's proprietary platform provides a real-time, secure, web-based, electronic sealed bidding process in which qualified groups of… Show more Reverse AuctionsOur fully managed purchasing solutions include reverse auctions, specification services and supplier solutions. Reverse AuctionseBridge provides fully managed reverse auction solutions, delivering an average net savings of 14%, producing hard dollar savings to your bottom line.What are reverse auctions?eBridge's proprietary platform provides a real-time, secure, web-based, electronic sealed bidding process in which qualified groups of suppliers competitively bid for a defined product or service over a period of time.What makes our reverse auctions fully managed?The two key elements of a successful reverse auction are open specifications and a pool of qualified suppliers motivated to compete for a buyer's business. Our operations team applies its expertise and our proprietary 16-point Specifications Checklist to determine whether a good or service is a fit for the reverse auction process. A set of open specifications is the most effective way to attract supplier interest identified through strategic sourcing. With experience running over 1,100 reverse auctions, eBridge effectively works with buyers to determine how to make fully managed reverse auctions an integrated element in their purchasing process. The Results:Average savings of 14% versus established budget75% of events yield savings versus established budget91% award rateAverage of 5.5 participating suppliers per eventAverage 14 first place turnovers per event Show less