Are reverse auctions a win-win for both parties? The answer depends on who you ask, and as always, “the proof is in the pudding”. If done right, they can be a win-win for both buyers and suppliers. The online reverse auction is a cost-effective way in which a single buyer procures goods or services from multiple bidders using an online bidding platform. In this article, we will share a few tips to help demystify reverse auctions and maximize mutual benefits for both parties.
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The 2018 NASPO Exchange hit record attendance, but that was no surprise in an exciting city and tourist destination like New York City. NASPO members and staff, suppliers from all over the country, and guest speakers and presenters descended upon Times Square in the Big Apple in mid-March for NASPO’s biggest conference of the year. This conference presents a unique opportunity to build relationships among the supplier community and state governments – the largest consumers of goods and services in the country. Exchange is a place where partnering, networking, and learning come together to develop business relationships that support public procurements that are effective, efficient, transparent, and fair.
From our 2018 host state, New York General Services Commissioner RoAnn Destito welcomed our NASPO members and partners during the opening general session and shared her home state’s motto: “Excelsior”, or “ever upward.” Destito energized the suppliers and NASPO members in attendance by applying this motto to the public procurement profession by saying, “We are moving procurement ever upward by being here and networking at the NASPO Exchange.” Commissioner Destito also presented a certificate to NASPO President Michael Jones (CPO, State of Alabama) from New York Governor Andrew Cuomo declaring March as Procurement Month in the state in honor of NASPO bringing the Exchange conference to New York City.
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