Statistics show that simply holding an online bidding event can reduce product costs by 10% to 15%, yet Aberdeen Group's study revealed that less than half of the respondents take advantage of this relatively simple and mature technology.
We've found that an extraordinary range of goods and services are suitable for online bidding events, from international air freight to pillar box locks," said Stevens.
An online bidding event was structured for pre-qualified manufacturers to help determine suppliers' ability to deliver clinically acceptable products at competitive prices.
Under our agreement, BayBuilder sourcing technology will be available for Aventis Pharmaceuticals to convert requests for proposals into functional online bidding events very quickly and easily," said Emmanuel Lawrence, Manager ofInformation Technology Purchasing at Aventis.
FreeMarkets DirectSource(TM) solution Designed for organizations with online sourcing experience or a robust internal purchasing division, FreeMarkets' DirectSource solution puts more control in the buyer's hands and automates the process of creating and managing events with auction setup and administration tools that allow buyers to create and configure their own online bidding events while still leveraging FreeMarkets' global supplier network and secure, Global Market Operations Center.
FreeMarkets DirectSource solution Designed for organizations with online sourcing experience or a robust internal purchasing division, FreeMarkets' DirectSource solution puts more control in the buyer's hands and automates the process of creating and managing events with auction setup and administration tools that allow buyers to create and configure their own online bidding events while still leveraging FreeMarkets' global supplier network and secure Global Market Operations Center.
As our chosen desktop solution, BayBuilder reverse auction technology will be available to OC buyers to convert routine requests for quote into a functional online bidding events very quickly and easily," said Chuck Dana - Vice President, Owens Corning Global Supply Chain Solutions.
