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With savings of more than 56%, why wouldn't you use eSourcing?
Large European Retailer needed to purchase pallet covers for transportation of food items to all retail destinations
The goal was to secure a 12 month contract with a single supplier and avoid price fluctuations and other surcharges
Suppliers had to comply with existing hygiene and anti-contamination regulations as well as other safety and health-related specifications
Volumes were consolidated from all retail divisions into a single event to make for more compelling bid
A List Auction was chosen to facilitate a single award
After qualification, 6 suppliers were invited to participate in the eAuction
Parameters for quality, field support and product compatibility were included in the auction to ensure apples-to-apples bids
The company achieved 56.25% savings compared to the historic pricing
12-month contract provided price stability for buyer
The client also reported significant time savings by substituting multiple negotiations rounds by a single event
Bid completed in 24 minutes!