News Articles, Page 2
- 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.
- March 9, 2012
The Benefits of Moving Government Procurement Online
By Oki Radich
Oki Radich, senior lead subcontracts administrator at BAE Systems, discusses in his article the benefits of e-procurement by sharing with the audience the potential of billions of dollars in federal savings by using online tools such as reverse auctions like FedBid.com.
- March 8, 2012
Steve Case Talks About Innovation and His Big Bets
By Julia Boorstin
AOL co-founder Steve Case speaks about his passion for building breakout companies with multi-billion dollar potential capable of driving America’s economic growth. He discusses the first investment of his $450 million growth fund, Revolution Growth, in FedBid, an online marketplace whose reverse auction model has proven to help the government spend more efficiently.
- November 28, 2011
Dr. Kelman's 'Lectern' Blog: More on Cost Savings
Dr. Steve Kelman writes about how the government can save money through better and more innovative contracting practices, including using industry ideas to improve requirements, employing share in savings concepts, using reverse auctions to compete labor hour rates, holding procurement contests and employing value reengineering. Join the discussion at Dr. Kelman’s ‘Lectern’ blog at Federal Computer Week.
- October 27, 2011
CPOs Take Fresh Approach to Procurement
By Gregg Brandyberry
Mr. Gregg Brandyberry, CEO for Wildfire Commerce Inc., suggests a few ideas on how to quantify procurement performance by maximizing procurement capacity, making strategic investments to drive higher ROIs, and utilizing technology and outsourced service providers in order to generate more revenue.
- October 26, 2011
IBM Center for The Business of Government RA Study
Dr. Wyld’s follow up study to his reverse auction report published by the Center in 2000 focuses on the potential of reverse auctions as a government procurement tool that saves money and time and improves transparency. Dr. Wyld presents a case study of the State Department and analyzes the potential for savings from reverse auctions across the government.