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Demystifying Reverse Auctions in Higher Ed Procurement — Sponsored by: Bonfire

The NAEP On-Demand Learning Library
Credit Hours
1 Hour
Learning Level
Tier 1 Novice & Tier 2 Intermediate
Learning Objectives
  • An overview of reverse auctions, benefits of using them, and global best practices.
  • Strategies for integrating reverse auctions in your procurement process from commodity bids to more complex rfps.
  • Addressing common misconceptions about reverse auctions: including dispelling fears of 'cut-throat pricing' or eroded quality of goods and services.
  • Tips for getting started with reverse auctions, including educating internal stakeholders and your vendor community.
  • Real-life examples of successful reverse auction projects.
Course Description
Real-time reverse auctions can be a significant source of savings – both time and money – for higher education procurement teams. Though it's long been recognized as a legitimate public tendering format, there remains a great deal of uncertainty and trepidation about implementing reverse auctions in public procurement strategy. Join our live webinar on February 21 to dive into the why, when, and how of reverse auctions in higher education procurement. We'll be joined by subject matter expert Michael LaGrassa, Assistant Vice Chancellor of Administrative Services at UMass Dartmouth, whose extensive experience running reverse auctions will lend real-life examples and insight to the topic.

Together, we will demystify the process and methodology of reverse auctions and answer your burning question about this beneficial procurement technique. Whether you're completely new to reverse auctions, or looking to expand your use into other categories, this is guaranteed to be an information-rich and dynamic session.

Event Sponsor(s)

BONFIRE


Disclaimer
The user acknowledges that the workshops, handouts, and related course materials contained therein are intended for educational purposes only and should not be considered to be legal advice or a substitute for legal or clinical consultation. These presentations address issues that are multi-faceted, and the user should not assume that the courses discuss every law, regulation, or ethical code that may be relevant to the subject matter. Legal and ethical standards are subject to change, and it is always prudent to check to see whether a particular law, regulation, or ethical standard may have changed.
     
Refunds/Cancellations: NAEP does not offer refunds for On-Demand Library purchases.