What is a managed reverse auction?
What
Simply put, a reverse auction is an innovative, online, dynamic, and transparent pricing event through a web-based platform where qualified suppliers bid against each other in a results-driven model at no direct cost to the public sector procurement agency.
How
EasiBuy staff work hand-in-hand with your organization to execute a multi-phase procurement process incorporating unique policies and procedures. That leverages our proprietary reverse auction platform to deliver savings across a broad variety of categories.
Why
Provides unparalleled transparency while driving down prices promoting the following Key Benefits:
- Speed To Savings: EasiBuy’s innovative and proprietary online reverse auction platform is built to foster a face-paced, competitive environment to drive down price, resulting in 20% average savings across all categories.
- Sealed Bid Environment: We can easily incorporate and follow your unique policies and procedures, focus source suppliers, create greater visibility, and maintain communication with them to maintain the sealed bid process for government agencies.
- Transparency: It’s a multiphase process starting with identifying buying agency qualified suppliers to move to the pricing event. The reverse auction format provides unparalleled transparency and efficiency in a rapid-fire downward price negotiation.
Interested in seeing a Demo of Easibuy’s reverse auction software? Click here and select “Managing reverse auctions” under “Service Interest” and we will be back in touch to set up a day and time convenient to your schedule.
“Through our partnership with EasiBuy, we have not only achieved savings for our State, but have benefited from the additional utility of a third-party who is able to drive supplier partcipation, improve bid quality, and produce a completely transparent bid process.”
— Gary Mosca, Chief Buyer, State of Rhode Island
