"Buyers Market" - yielding ideal opportunities for a Reverse Auction
The first response to an economic downturn by many organisations is inevitably an examination of costs with a view to seeing how much can be squeezed out of them. While this often manifests itself in the dramatic form of job cuts and headcount reductions, longer term benefits can be obtained by focusing on the procurement function of an organisation where both cost savings and productivity gains and efficiencies can be achieved - a Reverse Auction tool could be one of the solutions.
Since 1999, Scanmarket has engaged with the procurement sector to offer and implement an effective eSourcing solution. We are highly specialized within eRFx and Reverse Auction solutions - and our vast experience, and the current economic climate, tells us that the opportunity for cost reduction has reached a high. The global market is offering spare capacity, and this influences the prices a buyer is able to obtain by reaching out to several suppliers and driving competition between them. Scanmarket has experienced more than a doubling in cost saving ratios compared to the average savings of last year as a direct result of this heightened competition.
Many companies have experienced the downside of the crisis, however we would like to share our experiences and provide an insight into some of the opportunities and benefits your company can achieve from the economic downturn.
We would like to invite you and your colleagues to an information meeting at the Radisson Blu Seaside Hotel in Helsinki on Wednesday the 4th November. At the meeting we will not only offer you refreshments and sandwiches, but also provide you with invaluable information on Reverse Auctions and eSourcing in general. Our aim is to provide your company with the information to benefit from the cost reduction potential available in the market right now.
If you wish to reserve a seat, please contact us at firstname.lastname@example.org with the names of you and your colleagues that wish to participate. Then we will make sure that there is a free chair and a cup of coffee waiting for you. Of course participation is free! If you are not able to attend the meeting, please contact us and we can organise a web-meeting at a time suitable for you.
We look forward to welcoming you to an interesting morning and a great dialogue.
Venue details for meeting on Reverse Auction benefits
4th November, 2009
From 9.30pm to 12:00pm
Radisson Blu Seaside Hotel