Who says eAuctions don't work for Service

Situation

  • A global service provider needed to purchase services for the removal and destruction of confidential waste from their offices and client sites across the UK
  • The aim was to consolidate waste activity, improving quality at lower cost and ensuring control, standardized pricing and contract terms
  • Given the confidential nature of the service, only highly qualified providers could be invited

Solution

  • Utilized CherryLot™ Auction with 3 lots divided in:
    • Off-site paper shredding
    • On-site paper shredding
    • Bulk collections
  • Traffic light system was used to indicate suppliers position in the bidding hierarchy to encourage more activity

Result

  • All invited suppliers took part and placed bids
  • Auction lasted almost 1,5 hour and 289 bids were submitted
  • Overall savings achieved 26.4%
  • One supplier was awarded the entire contract