Save With Reverse Auctions

1 Buyer + Many Suppliers + Interactive Bidding = Reduced Purchasing Costs and Streamlined Procurement

Online reverse auctions are an ideal way for buyers to reduce purchasing costs and streamline procurement when purchasing capital equipment, materials and services from suppliers around the world.

How do online reverse auctions work? You initiate the auction by sending out purchasing specifications that detail what you want to buy. Suppliers compete against each other in Web-based, real-time auctions to win your business, driving down the price in the process.

HedgeHog's comprehensive reverse auction solutions use a hosted, Web-based interface to facilitate online negotiations without time-consuming or expensive technology integration.

Buyer Benefits

• Save Money: Competitive bidding drives down purchasing costs for capital equipment, materials and services.
• Save Time: Stop waiting weeks or months for suppliers to submit bids. HedgeHog's auction services streamline the purchasing process by compressing the bidding cycle to hours, allowing your organization to move forward immediately with its procurement goals.
• Expand Your Supplier Pool: HedgeHog reverse auctions can help you expand your access to high-quality local, national and global suppliers.
• Get Started Quickly: With HedgeHog's Web-based auctions there's no special hardware or software to install, so setup is fast and easy. And because the auction software is easy to use, minimal training is required for your organization to start realizing immediate cost- and time-saving benefits.
• Eliminate Security Risks: HedgeHog utilizes the latest security measures to protect your confidential information.
• Rely On Our Expertise: HedgeHog procurement specialists are always available by phone, fax or e-mail to provide technical support and answer any questions about HedgeHog's services.

Supplier Benefits

• Uncover New Business Opportunities: Once you register as a HedgeHog supplier, you will be eligible to participate in future auctions. Register now as a supplier to gain access to new sales opportunities.
• Level the Playing Field: Reverse auctions allow you to see what other bidders are offering, so you have a clearer understanding of what the market price is and can compete more effectively for the business.
• Bid Quickly and Easily: HedgeHog's simple, Web-based interface makes it easy for you to bid interactively. And, if you can't access the Internet during an auction, a HedgeHog procurement specialist can serve as a proxy to submit your bids.
• Eliminate Security Risks: While suppliers can see what their competitors are offering, company names are cloaked to protect confidentiality. As added assurance, HedgeHog utilizes the latest security measures to protect your confidential information.
• Rely On Our Expertise: HedgeHog procurement specialists are always available by phone, fax or e-mail to provide technical support and to answer any questions about HedgeHog's services.

Full-Service & Self-Service Flexibility

HedgeHog procurement specialists can provide full-service solutions to guide buyers through the entire purchasing process—developing and managing purchasing specifications, identifying qualified suppliers locally and throughout the world, facilitating online negotiations and analyzing results. Or, buyers can choose to manage the entire process themselves with our self-service software. For complete details, see our service option descriptions .

Regardless of which service model you choose, HedgeHog specialists can provide expert training to ensure that every auction is a success.