With compressing budgets, increasing demands, and limited staff, you are under intense pressure to discover efficiencies and put them into practice. How do you cut costs without sacrificing quality? How do you validate you are getting competitive pricing?
In this session you will learn about a successful private sector process that is now used in the public sector. You will gain an understanding of what works well in the Reverse Auction (RA) process, what doesn’t, and how RAs differ from paper bids. We will discuss options for the format, managing your relationships, and FAQs of procurement professionals and suppliers. Finally, you will have the opportunity to view a Reverse Auction demo and see how this process will benefit your entity by finding market value for your purchases.
What You'll Learn
completing this online training session, learners will be able to:
1. Explain how reverse auctions are different from traditional bids and how they can fit into your entities processes.
2. Which goods and services work best for reverse auctions and which ones don't
3. Discuss entity and supplier benefits to be gleaned from RAs
4. Describe how a reverse auction is conducted
Cindy is responsible for eBridge’s strategy and has a broad knowledge of eProcurement in both the private and public sector. She joined eBridge in 2007 and was previously VP of Operations where she oversaw all Reverse Auctions. She has presented at US and Canadian conferences including Kentucky’s KPPA, North Carolina’s NCSBA, South Carolina’s SCAGPO, Georgia’s GPAG, Public Work’s AWPA and International Public Works, Police Fleet Expo, and National Assoc. of College & University Food Services.
Laura is the Assistant Director with the Division of Purchases for the Commonwealth of Kentucky’s Transportation Department. She has been with the state for 14 years and has run over 70 reverse auctions.
Jerry is a Strategic Buyer at Rolls-Royce North America. Jerry started in procurement with General Electric in 1999 when e-Productivity tools, like Reverse Auctions, first began.
Attendance for Individuals
In order to receive one contact hour,
each member needs to register for the webinar individually in advance and then
watch the live webinar. Your credit is tabulated by match between your login
and your registration.
Attendance for Groups
There is a Group Sign-In Form provided
with each webinar. The group sign-in form does not register anyone for the
webinar, it just verifies live attendance. Each person will receive their login
email on the day of the webinar – this verifies their registration.
The group sign in form verifies that they watched the live webinar.
email@example.com if you do not receive your login information by 12 pm
ET on the day of the webinar.