Reverse Auctions in the news

See  here .

Local government and schools are hoping to join forces to cut what each unit spends on millions of sheets of paper each year.
Rick Morrisey, purchasing manager for Lafayette, is working to arrange a bulk paper purchasing contract along with the county, Ivy Tech Community College and possibly others.

Despite rising paper prices Morrisey believes that by going through a spend aggregation exercise and then running a reverse auction on the aggregated spend that he will be able to achieve valuable savings.

Assuming he runs his auction process well I’m sure he will, and I wish him all the best in his project. Reverse auctions aren’t 5-minute jobs but when run well they tend to blow away people’s expectations.

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