Rensselaer Polytechnic Institute (RPI) has implemented several strategic procurement initiatives that have paid off handsomely over the years. One of the key initiatives has been the use of the reverse auctions for the procurement of various goods and services, including:

• Fleet Vehicles (buses) — saved $30,000

• Energy — saved $623,000

• Laptop computers — saved $227,000 per year

• Security services — saved $96,000 per year

RPI and Procurex talk about their experience using reverse auctions including lessons learned, results achieved, and things to consider for your organization.

Key Topics:

• How to get your campus partners/stakeholders on board.

• The value in the partnership, not just the software.

• The importance of promoting success.

• It is much more than price competition.

• You still award based on best value.

Featured Speakers:

• Ron Moraski – Director of Procurement Services, RPI

• Nicole Runyon – Strategic Sourcing Manager, RPI

• Bret Grady – CEO, Procurex