Over the last period, the role of procurement has transformed rapidly. The need to improve supply chain sustainability and affectivity and of course, to boost profitability mostly, has turned procurement into a vital part of the company that can save a lot of money.
I never believed that we could get such great savings on a single service. We have found that by being able to confront several suppliers, we can compete with a company that not only suits us best, but also offers an unbeatable price. And all this under the pressure of competition and the effort to gain business.
The current Covid-19-crisis has tested our readiness to manage the whole procurement process from the very beginning till the end and to cope in this disruptive and constantly changing business environment. The situation is changing rapidly and the spread of the virus around the world has created so many problems not only in this fields of activities.
The goal of most organizations is to reduce costs through streamlining procurement processes. The introduction of electronic applications into the procurement process opens up opportunities for significant cost reductions. The introduction of electronic reverse auctions is currently one of the most popular forms of electronic procurement processes. Many organizations declare the introduction of electronic reverse auctions is saving them from 10 – 20% of their costs.
Billions of people are being affected by the new COVID-19 pandemic, setting off an unprecedented global health crisis.
Procurement outsourcing constitutes a growing dimension of corporate procurement strategy.
Reverse auctions as a tool have been around since the late 1990’s. They have been used in the Fortune 2000 to obtain more favorable pricing, to reduce cycle times, and to lower overall supply costs.
„Simple to use and intelligent than you can imagine. We procure any items or services with bestauction now. A really helpfull and cost saving tool.“
„I searched for the building contractors and they’ve delivered in a few seconds in my area. I’m actually astonished at how quickly bestauction helps me to get results. Furthemore, using bestauction I’ve been able to get considerable price discount for building materials without a need going anywere to negotiate.“
„We actively use the online reverse auction for product procurement , and in turn, we get the benefits in terms of more efficient and transparent purchasing process.“
