The procurement team at Woqod was aware that reverse auctioning could lead to a quick return on investment. Inviting all of their suppliers to one event meant they were able to create efficiency during the sourcing process and analyse results in minutes rather than hours or days.
“We wanted to generate savings on our costs as well as bring more visibility to our sourcing process. Having clear and concise visibility across our organisation’s purchases is of critical importance. The fact we can now keep a record of all negotiations in one central storage point is hugely beneficial.” Mr Ravikumar Narayanan – Procurement Supervisor – Woqod
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