Case Study: Office Supplies

Case Study: Office Supplies

Using Reverse Auction technology to maximize savings

Background:

A financial services Client wanted to leverage their company-wide expenditures for office supplies and consolidate their spend with one vendor. They were seeking to receive line item pricing across over 750 line items as well as run a reverse auction on a market basket of their largest spend items.

Results:

  • 30% savings across RFP and auction process
  • Only suppliers qualified through preceding RFI were invited to auction
  • Project success solidified this as a Best Practice for
    the future

Auction Graph:

office-supplies-auction

Bottom Line:

  • A 750 line item sourcing project from RFI to award decision was completed entirely within FlexRFP™ in only a few weeks.