Using a Reverse Auction to maximize savings
Background:
A medium sized Midwestern city wanted to maximize savings and increase competition for their public safety radio auctions and streamline auction communication. FlexRFP™ with a Reverse Auction was the way to timely savings.
Results:
Vendors competed for business in real time
Auction lasted just over 30 minutes
Fully transparent audit trail
No IT involvement necessary
Auction Graph:
Note:
Communication function (like instant messaging) was used in real time, allowing suppliers to ask questions and get answers during the auction.
