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BidBridge Procurement Solutions presents
a resource comprised of web-based procurement tools backed by
purchasing expertise that currently enables over 350 customers to
recognize maximum efficiency in the exchange of goods and services.
Purchasing professionals engage our extensive services, insight and
simple to use platform as a tool to achieve instantly recognizable
benefits that include:
- Strategic sourcing of qualified suppliers
- Increased transparency
- Audit trail
- Instant bid tabulation and reporting
- A dynamic bid environment under sealed
cover
- Lower costs through increased competition
Quite simply, our goal is to work as an
extension of your current process and deliver you the rewards of
superior sourcing results and the inherent advantages of an
electronic process enabling your company or organization to achieve
true market value for your purchases.
Buyers Use BidBridge
With compressing budgets and increase demands being placed on
staffing resources, organizations are under intense pressure to
discover efficiencies and put them into practice. Often a dilemma is
immediately faced — how do you cut costs without cutting services?
Purchasing professionals and key decision makers in both the private
and public sector are turning to reverse auctions to achieve the
greatest value for their dollar.
Proven Results
In the eCommerce venue, a reverse auction process starts when a
buyer has a good or service to be purchased. These might include
services or commodities such as paper, fuel or salt, construction or
heavy equipment, vehicles and other capital expenditure items.
Suppliers then compete online through an electronic sealed bidding
platform by submitting multiple lowering bids in a timed event. In
contrast to the traditional paper bidding process, a buyer may
receive multiple bids from each supplier versus the one price per
supplier paper bid format. Ultimately, a reverse auction provides
true-market value for a purchase. The end result is the final,
lowest amount offered by a supplier.
The reverse auction process, also called
eProcurement, offers
significant advantages to suppliers and purchasing departments over
the sealed bid paper process. These advantages include complete
transparency in the bidding process, disaster recovery solutions in
a virtually paperless format, a comprehensive audit trail and
instant bid tabulation. Saving time, money and critical staff resources is only part of the
appeal of using the reverse auction process. Getting to the
true-market value of a product or service has been an even more
engaging prospect for purchasing departments.
Through its competitive sourcing and online procurement system,
BidBridge assists it buyers in achieving True Market Value for the
goods and services needed for ongoing business operations.
Significant cost reductions and procurement efficiencies have
allowed BidBridge’s buyers to save millions of tax payer, corporate
and investor dollars, ultimately producing a positive effect on
ever-tightening purchasing budgets. |
