LIVE eAuction clears £9m in savings for the public sector
London, UK - 27 November, 2009 - This morning at 10:00 a.m. GMT, TradingPartners' London office hosted a Live eAuction for 33 local UK authorities. The category was office supplies, and the result; a gigantic £9m in savings for the public sector. The weighted English reverse eAuction continued for over two hours whilst six suppliers battled it out on the eAuction platform. Bidding took the form of different aggressive and strategic styles leading to a 14% savings on a baseline spend of over £65m for a four year contract.
The client, a collaborative arrangement of 33 local UK authorities, watched their eAuction from the Engine room run by TradingPartners Account Manager Terri Hudson, who worked on the project for 4 months prior to the live event. Hudson said, "It was a great eAuction on a collaborative tender of 33 participants on office supplies. The client was delighted with the results."
Guests watching the LIVE eAuction were also impressed with the software’s capabilities and the clever weighted eAuction design which was set at 30% non-price and 70% price, making this a uniquely competitive eAuction experience.
About TradingPartners:
TradingPartners enhances and accelerates negotiations between buyers and suppliers using a fully-managed eAuction solution. TradingPartners brings together the right people, process and technology to run online eAuction events that result in substantial and guaranteed cost savings. TradingPartners operates on a global scale with operations across North America, Europe and Asia. More information is available online at www.tradingpartners.com.
Contact:
Ruth Pires, UK Marketing Manager
TradingPartners
email: ruth.pires@tradingpartners.com
Phone: +44 771 789 5124
http://www.tradingpartners.com
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