Reverse Auction

What is a Reverse Auction?

A reverse auction is a method of procurement in which the roles of the buyer and seller are reversed. In a forward auction, buyers compete to acquire a good or service by offering higher bids.  In a reverse auction, sellers compete to supply a good or service by offering lower bids.

 

eBridge facilitates an online, real-time dynamic auction that enhances competition from a group of qualified suppliers.  This competitive purchasing process finds the true market value and provides the best value to the buyer for goods or services.

 

When a client engages eBridge they don't just get one person, they get a team! A decisive, diligent, resourceful and loyal team from top to bottom. This standard is what sets eBridge above others because we expect this from ourselves first and foremost. 

                                                      

 

 

 

 

 

 

 

 

Our Process

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 budget
  • Average of 6 participating suppliers per event
  • Niche market in procurement technology
  • $100,000 minimum
  • Average auction volume $1.9 million
  • No up-front cost

 

 

Please contact us for more information:

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Rotating Quote Block

40% of CEOs and CFOs are planning to utilize a third party to help manage their procurement expenses within the next two years.
Aberdeen Group
Reverse auctions remove unnecessary costs and inefficiencies from the supply chain and are critical for companies to embrace at this time.
Supply Excellence
"Earning your trust is a high honor for all of us here at eBridge. We promise to do what we say we will do, and be found worthy of the trust you place in us."
Jim Headlee, CEO, eBridge
Research shows that companies that outsource their daily business functions realize tangible savings to their bottom line.
eProcurement Daily
“The future belongs to those who can see possibilities before they become obvious.”
John Sculley