Black Friday and Cyber Monday are commonly the most robust shopping days of the year, proving the power of discounts. What if retail businesses could get the same discounts from their suppliers any time of the year?

Toronto, ON – August 25, 2022 – Canadian Council for Aboriginal Business (CCAB) is pleased to announce BestAuction as the newest member to join CCAB and its Supply Change™ initiative.

Toronto, Ontario / August 18, 2022 – A significant proportion of the overall demand for goods and services is attributed to public procurement. According to the OECD, public procurement accounts for approximately 12% of the gross domestic product (GDP). BestAuction and Tenders2bid (T2B) have agreed to build better interface for companies willing to participate in public tenders in India.

As simple as it sounds, many SMBs do not have an actionable understanding of where their spend goes or what they get in return. Managing procurement through digital channels provides clear insight into spend and suppliers. Learn more about how to start using this approach.

In the past, procurement has always delivered the best results when conditions were stable, and requirements were clear. Predictable demand volume allowed procurement to manage a predictable process and establish a contract that would last 2-3 years. Then the process would start over again

BestAuction joins the DMZ’s Bootcamp! Currently, the platform hosts over 150 reverse auctions and more than 56K potential clients’ datasets.

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.

The goal of most organizations is to reduce costs through streamlining procurement processes.
Many organizations declare that the introduction of electronic reverse auctions is saving them 10-20% of their costs while making the buying process fully transparent.