Use Electronic Reverse Auctions to Promote "Green" Business Processes

Most public and private entities today are trying to promote Green processes as a way of doing business to help the environment or are touting their green attitudes to improve their corporate image. Common examples may include using recycled copier paper, buying items with a minimum percentage of post-consumer waste, and encouraging recycle programs for their own waste. While all those methods are valid, implementation can be very costly and may prevent the programs from being successful and widely accepted. What some Green coordinators do not realize is that utilizing and implementing technology solutions that eliminate waste can be just as good or better.

The common misconception is that technology equals huge dollar expenditures and long implementation schedules that may cost more than they are worth. This may be true in some cases, but not for electronic reverse auctions. Public and private entities can save thousands of dollars and trees every year by posting their bids online in either a reverse auction format or electronic RFQ, The specifications and terms and conditions documents can be uploaded to a website so they do not have to be printed out every time a request for them is made. The vendors can then respond to these bids by uploading their responses or placing bids during the live reverse auction.

Hard dollar savings can be achieved by both parties by reducing the amount of paper, the mailing costs associated with issuing bids and responding to them, and the time it takes to process and report paper bid results. With an electronic bidding process, bids documents can be uploaded and results can be instantly reported on and saved without ever having to print anything on a piece of paper.

Reverse auctions with http://www.eDynaQuote.com are easy to implement since you do not have to download anything to your computer to use them. This means that your IT department does not have to dedicate any resources to maintain your account. All documents and completed event results are archived in your account or can be saved in electronic format on your computer. We also offer many flexible and customizable payment options for your convenience.

Doug Luthringer is a Client Development Manager at http://www.eDynaQuote.com with over two years of strategy, implementation and training experience in online reverse auctions and nearly six years with online forward auctions such as eBay. Doug has also been invited to be a guest speaker to talk about how to properly use reverse auctions to small and medium size business, as well as university students.

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