Valve Stems

Who: Metal Fabrication Manufacturer
Vendors: 4
Number of Bids: 130
Opening Bid Total: $1,585,000
Savings: $272,000 or 17%

Description:
• Valve stems for six different plants
• Lots separated according to specific plants’ needs

Keys To Success:
This auction was well coordinated with multiple plants across multiple geographic locations and countries. Each plant location was separated into individual lots with different specifications for each one. Proper planning and communication between various sources is the key to success in all reverse auctions. In this case, it was critically important to have a clear and precise transfer of information.

NEXT EXAMPLE »

Click here for your free opportunity assessment »