Real-Time Online Negotiations Push Savings Higher
By letting suppliers bid against each other in real time for your business, you can drive costs down and find the most competitive deals.
Save, Save, Save, then Save More
As compared to traditional negotiations, reverse auctions generate 10% to 15% greater savings than spreadsheets, documents, and talking.
The benefits of reverse auctions go beyond savings and include:
Time savings compared to traditional procurement methods
Greater transparency in the procurement process
Ethical as all information is shared to all suppliers at the same time
Cost savings beyond what normal negotiation methods can capture
Automated data analysis for fast decision-making
Avoiding the anxiety many people feel when negotiating
A fantastic method of fighting inflation
Better qualified suppliers using K2 Sourcing’s built-in auction prequalification process
Why K2 Sourcing?
Since 2003, companies have been beating their savings goals by using the K2 Sourcing reverse auction and forward auction application. It is known for being very easy to deploy and use, extremely fast to implement, and splendidly supplier friendly.
The reverse auction software is very reliable and secure. Uptimes are over 99.9%, it is fully encrypted, our server is SOC2 compliant, the application is mobile friendly, and is hosted on one of the most recognized and respected platforms in the world.
Fast, Helpful, and Warm Support From Sourcing Experts
Next, our support is unparalleled. Like you, K2 Sourcing team members are strategic sourcing experts. They have run thousands of reverse auctions. Our team will teach you how to set up and run the events yourself, or we will run them for you as part of our strategic sourcing service offering.
Better Stakeholder and Supplier Engagement
Need suppliers? We have global supplier lists available. Additionally, our team knows exactly what to say and what not to say to build supplier engagement. You do not have to worry about damaging supplier relationships because of a poorly handled support call.
Amplify Sourcing’s Impact from Day One
By using the K2 Sourcing reverse auction platform, you can achieve significant cost savings, reduce risk, and improve the overall efficiency of your strategic sourcing process. The reverse auction tool is ultra-effective at fighting inflation and is a great addition to your procurement team’s fighting cost increase process. Contact K2 Sourcing for a custom demonstration or to learn more.
Have a question about our sourcing services or application? Give us a call or fill out the form and we’ll be in touch shortly.
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