What are some benefits for businesses of reverse auctions?

September 7th, 2011

Today’s post is by Ryan Melowic; Director of Customer Services at SafeSourcing.

In today’s highly competitive world, businesses often find difficulty navigating and negotiating  with the savvy and skilled sales person.  This process can be lengthy, and prohibit implementation, quality and monetary gain associated with negotiating new contracts. 

E Procurement tools streamline and automate this process for businesses, often returning surprising ROI’s and returning valuable time to understaffed purchasing departments.  In fact, numbers don’t lie.  Savings of 5-15% from e procurement services can improve profitability by up to 100%. 

ROI, however, is not the only reason to use e-procurement services.  The transparency of data provided to the buyer allows them to streamline their purchasing process both internally and maximize their relationships with potential vendors while also evaluating meaningful trends. 

Based on the above, these types of hosted solutions are undoubtedly amongst the most cost effective and useful tools your business could use. 

If you are interested in learning more about how these tools could benefit your company please contact a SafeSourcing Customer Service Representative.

We look forward to and appreciate your comments.

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