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bidbridge.net
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Site: bidbridge.net (BidBridge - True Market Value for Your Purchases)

BidBridge is a web based procurement tool that adds a reverse auction to a buyer's current bidding process. BidBridge's e-procurement platform is used in the public sector (Government, Education K-12, Healthcare) and the private sector to automate the buyer's traditional paper process... more
to an online process. This creates efficiencies throughout the procurement department including electronic documentation for disaster recovery, transparencies, audits and helping to create a greener work environment through the reduction of paper usage. BidBridge uses the Internet and requires no installation of software or hardware. BidBridge assists with strategic sourcing to find prequalified suppliers to participate in a timed electronic sealed bid reverse auction. Suppliers lower their bids in a live, real-time auction with extensions based on competitive activity. BidBridge offers instant bid tabulation to assist with audit trails and public compliance. Buyers win because the reverse auction creates a competitive marketplace that results in finding true market value for their purchases. BidBridge's spend management process currently results in dollar savings averaging 13% versus budget; all at no direct cost to buyers. Suppliers win because they are presented with more bidding opportunities by being allowed to place multiple, competitive bids.
Hosting company: GoDaddy.com
Tags: Web Based, Public Sector, Disaster Recovery, Private Sector, Market Value, Reverse Auction, Management Process, Sealed Bid

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