News Detail
04/16/2008
OMNIBID Reverse Auctions

Our supplier specialists are ready to help you save time and money by compressing the bidding cycle from weeks and months to just hours and allowing hundreds of suppliers to compete for providing you the best value.  You can press forward immediately with your procurement goals and receive the most effective and efficient online reverse auction tools available. 

OMNIBID is a tool used for purchasing and supply management personnel as part of a strategic sourcing and overall supply management process. You can put a supply item up for sale and multiple suppliers bid for the item. Then, one or more of the lowest bidders is contracted to supply that item for you. OMNIBID performs in real-time via the internet.  This helps you achieve rapid downward price pressure that is not normally attainable using traditional static three quote paper-based bidding.

We provide OMNIBID for no charge to our Gold and Platinum customers.