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J. B. Poindexter

A Scanmarket Customer Case

Solution: eAuction with significant bidding activity

For the first project, electrical parts and accessories, Morgan set up an eAuction with the following characteristics:

  • 6 suppliers were invited with 3 making the cut to final participation
  • There was only 1 line for bidding as all parts and accessories were put into a single lot in order to facilitate bidding.
  • Significant bidding with one supplier bidding 31 times on the single line while the other two bid 5 and 6 times each.
  • The 3 suppliers had individual start prices based on the initial quote sheet sent out detailing all items and specifications

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The support we received and the results we have experienced are why Scanmarket is our go-to provider.

Matt Marthinson, VP Supply Chain at J. B. Poindexter & Co.

Result: High-performance support leads to high-performance results.

On a volume of more than $800,000, excellent savings were delivered – 21.4%
The auction was scheduled to last only 15 minutes. However, given the intense bidding and competition the bidding extended an additional 18 minutes (33 minutes total)

According to Matt Marthinson, VP Supply Chain, JB Poindexter & Co., “I enjoy working with high performing teams that know their business and help to make ours better. The support we received and the results we have experienced are why Scanmarket is our go-to provider.”

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