e-Auction Case Study #7
Case Background
A manufacturing company bidding electronic components
e-Auction Summary
Commodity
Electronic Components
Historical Cost
$850000
Volume
5,000,000 Units
Direct/Indirect
Direct purchase
Number of Vendors
Three bidders
e-Auction Format
Reverse e-Auction
e-Auction Solution Provider
HedgeHog Online Procurement Systems
e-Auction Benefits
Lowered historical costs
e-Auction Results
Reduced annual costs of these components by $85,000 or 10%