News Articles 2012
- November 25, 2012
Brookings Governance Report: Building an Innovation-Based Economy
By Darrell West, Allan Friedman and Walter Valdivia
This critical report from the Brookings Institution examines and offers recommendations on ways to reform the U.S. economy, improve public sector performance, and train people for 21st century jobs. Findings were gained through live workshops and crowd-sourced input from several hundred experts around the country in the areas of innovation, technology and economic development. Amongst its important recommendations, the report stresses that:
“We need policy shifts that encourage the purchase and adoption of technology innovation in the public sector. We should ensure that local, state, and federal government procurement processes are fair, open, and transparent so that public agencies get the best products at the lowest possible prices. Agencies should be empowered to make the best acquisition choices possible, and build on successes across agencies. We should reform government procurement to include reverse auctions for goods and services. Reverse auctions and the RFP-EZ program help small businesses get government contracts and diversify the supply chain.”
- October 29, 2012
AOL Vet Back in the Saddle with FedBid Job
By Thomas Heath
The Washington Post’s Capital Business reports that Washington tech entrepreneur and renowned business-builder, Mark Walsh, is the new president of FedBid, the Vienna, VA-based company that Ted Leonsis and Steve Case’s Revolution Growth fund invested in earlier this year. The article further details that since investing in FedBid last January, Leonsis has had his eye on expanding the company’s business from beyond the thousands of federal government buyers it currently serves, into state and local government procurements and other sectors.
- September 26, 2012
Detroit Schools Find New Way to Buy School Supplies
By Sarah Cwiek
Detroit Public Schools Officials are crediting purchasing supplies through the FedBid online marketplace with helping the district save hundreds of thousands of dollars in just a few months. District spokesman Steve Wasko said it has helped fix some problems with getting supplies to classrooms and estimates that using FedBid could save up to three million.
- September 24, 2012
DPS Saves With Online Auction
By Chad Halcom
Detroit Public Schools estimates it has saved nearly $1 million on purchasing costs in the four months since its new procurement chief, Dr. Tracy Joshua, adopted the fully-managed online marketplace, FedBid, to buy supplies. The district expects to shave about $5 million from its total procurement costs this fiscal year, and Joshua said about $3 million of that savings could come through FedBid.
- September 13, 2012
AbilityOne and Federal Procurement Professionals: Making a Real Difference
By Glenn Richardson
FedBid Senior Advisor, Glenn Richardson highlights the far-reaching positive impacts of federal government Buyers choosing AbilityOne Sellers for purchasing—from providing viable employment to those who need it most, to fueling small business growth in regions that need it most. This powerful piece makes it clear that buying from AbilityOne Sellers is truly making a difference, and shows how purchasing AbilityOne goods and services through their partnership with FedBid’s fully-managed online marketplace makes it easier, faster and smarter to buy through AbilityOne than ever before.
- July 12, 2012
Editorial: Guidance, Oversight Key As Agencies Seek New Ways to Save
Facing tighter budgets, government agencies are finding innovative ways to save money and do more with less. Reverse auctions help these agencies by creating competition and securing greater savings on everything from medical equipment to cleaning supplies.
- June 25, 2012
Agencies Realize Cost Savings Through Reverse Auctions
By Sarah Chacko
Sarah Chacko, of Federal Times, writes about the proven benefits-driven federal agency adoption of reverse auctions for acquisitions, spotlighting specific successes of the FedBid online marketplace. “Agencies are increasing their use of reverse auctions to drive down prices on goods and services, from office supplies to medical equipment…FedBid reverse auctions on average saved 13.5 percent of what products and services would have cost through open competition, and 12 percent of what agencies would have spent had they used the federal supply schedule.”
- June 6, 2012
FedBid Contract Opens Multitude of Vendors to Navy
By David Hubler
David Hubler, senior editor of Washington Technology, writes about the FedBid’s recent Navy award, noting the beneficial impact of the Online Marketplace on federal procument, including average savings of more than 11 percent and significant improvement in the number of small businesses awards.
- May 4, 2012
For Sourcing, Throughput = Success
By Kris Colby
Kris Colby, Senior VP of Commercial at FedBid, offers five rules for maximizing the throughput of sourcing efforts and applying those benefits to a wide range of spend. He notes that in addition to boosting savings, maximizing throughput will increase procurement discipline, supply risk management, transparency and support to customers and stakeholders in the business.
- March 19, 2012
Online Reverse Auctions: A Cost-Saving Inspiration for Businesses
The Dartmouth Business Journal examines e-procurement solutions, finding that reverse auctions offer buyers far greater opportunity than traditional purchasing options to capitalize on large savings that result from intense competition between suppliers, while saving time, increasing efficiency, expanding supplier access and facilitating decision-making.