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.
A growing number of large companies are forcing suppliers to bid through reverse auctions. Here’s how to survive one with your margins intact.
It is like an eBay of Washington, a well-appointed and well-connected online marketplace for lucrative government contracts.
„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.“
