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 a reverse auction 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.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.
HedgeHog is a leader in providing on-demand procurement services for the middle market. Their clients operate in a wide range of industries—including manufacturing, energy, government, construction, agriculture, education, electronics, healthcare, retail and technology—and benefit from both the technology and purchasing expertise that can help them significantly reduce costs and increase procurement efficiency. HedgeHog's comprehensive software solutions use a hosted, Web-based interface to facilitate online negotiations without time-consuming or expensive technology integration. The company's clients enjoy full access to sourcing, collaboration and analytical tools from any computer with an Internet connection. HedgeHog's affordability enables mid-market companies to compete with larger organizations and reach new levels of success in spend management.
Since its founding in 2001, HedgeHog has helped organizations throughout the world save millions of dollars and increase profitability. HedgeHog is headquartered in Indianapolis, Indiana, and has nearly 100 global representatives in the United States, India, Brazil, China, Europe and Canada.
