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Reverse Auctions have become increasingly popular in the purchasing world - and they may be an option to help you control your bottomline costs.

 

Things to consider:

- Is the product/service a commodity to your business?

- Are you open to working with non-local businesses for this need?

- How would a change in suppliers impact your customer's experience?

 

The key component of utilizing this strategy is being very clear on the front end as to your PRECISE/SPECIFIC requirements to assure that the low bid can provide precisely what you need!

 

Please let me know if you have further questions or would like further information!

 

DA

Tags: auction, cost, costs, fixed, ops, procurement, purchasing, reduction, reverse

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