News, Page 3
- 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 29, 2012
Experian and FedBid Provide Buyers With Indicators of Seller Business Health
Costa Mesa, Calif., March 29, 2012 — Experian® today announced that it is working with FedBid®, a multi-billion dollar online marketplace, to provide government and commercial buyers with access to thorough and accurate business credit information that will allow them to further vet and verify the contractors and suppliers that bid on the FedBid marketplace.
- 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.
- March 7, 2012
FedBid Answers the Call to Support Military Children
FedBid sponsors Washington Capitals Military Appreciation Night to promote programs that support the children of those who serve and protect us.
- 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.
- October 14, 2011
VA Touts Use of Reverse Auctions to Save Millions
In a Department of Veterans Affairs (VA) web article, VA highlights its use of reverse auctions (provided by FedBid) in transforming its buying. According to Susan Taylor, Deputy Chief Procurement Officer for the Veterans Health Administration’s Office of Procurement and Logistics, positive results have meant that “VA wins, the American taxpayer wins, small businesses win. Most importantly, our Veterans win.”