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.
How to get your campus partners/stakeholders on board.
inthe partnership, not just the software.
The importance of promoting success.
It is much more than price competition.
You still award based on best value.
Ron Moraski – Director of Procurement Services, RPI
Nicole Runyon – Strategic Sourcing Manager, RPI
Bret Grady – CEO, Procurex