Reaping Big Cost Savings With Reverse Auctions
When home fashions retailer Anna’s Linens began using reverse auctions in 2008, the goal was to save $50,000 a year on purchasing blankets. The company ended up saving a whopping $250,000 instead. Dozens of auctions later, the Costa Mesa, Calif.-based company has saved over $6 million by getting multiple bids on everything from printing to armored car service —along with textiles.
Bidding Down Prices
Delivering “price and quality” to customers is a standard mantra for any retailer, but arriving at that balance of cost and value is always a challenge. Price Chopper takes that price-quality creed to heart leveraging reverse auctions to generate savings in their supply chain.
Sourcing Savings
While many grocers are familiar with e-sourcing for products and technology, Price Chopper has taken online auctions to a whole new level. From produce to trash removal, reverse auctions help this grocer net double-digit percentage savings in more than 100 categories.
System Keeps Schnucks on Top of Contract Renewals
Schnuck Markets is using a contract management system from Intesource, Phoenix, that it started rolling out at the end of last year. The system gives the retailer a handle on thousands of contracts - and a chance to discover cost-saving opportunities.
Technology Toolkit
For just about every business challenge retailers face, there is a technology solution. For example, Price Chopper Supermarkets, Schenectady, N.Y., has found that e-procurement services that conduct reverse auctions are able to drive down the cost of food products and store equipment.
Bashas' to Up Use of E-Sourcing
Bashas’ is expanding its use of e-sourcing and procurement technology from Phoenix-based Intesource to reduce the cost of goods and services.
In Business, Everyone Is All About Efficient Spend, Right?
IT spend is a profit-improvement gold mine. It takes diligence, true commitment, and perseverance. It starts literally at the top of the oragnization.
Globally Source Your Retail Supply Chain With SaaS
SaaS (Software as a Service) can provide the visibility needed to tackle trends involving speed to market, fast fashion, and private label initiatives.
Uncover New Suppliers and Savings With Reverse Auctions
It may be redundant to suggest that maximizing one’s bottom line is paramount to success. But during this time of sustained economic downturn, the recommendation takes on a relative urgency.
Intelligent Sourcing Through Intesource
Founded in 1999, Intesource is another player in the e-Sourcing / e-Negotiation space, but one with a bit of a twist. Whereas most SaaS providers are trying to sell you the all-powerful self-service fluffy magic box cloud solution, Intesource is still focused on providing a full-service offering.
Wegmans Uses the Internet to Procure Fuel
Wegmans Food Markets, Rochester, N.Y., decided “there must be an advantage” in using the Internet to procure fuel, said Michael Bargmann, senior vice president of distribution and manufacturing, and chief logistics officer of the chain, in his presentation at the Distribution Conference. So the retailer, which was already using Phoenix-based Intesource’s Web-based reverse-auction system to lower the cost of procuring goods and services, asked Intesource to extend the process to the purchasing of fuel.
