Advice for CIOs to Take a New Look at Using Reverse Auctions to Cut Procurement Costs

Here's a great article that just hit the Web that you should grab a cup of coffee and read (a small one will do, as it is short!). John Blyzinskyj, who is the President of Avotus (http://www.avotus.com/), based in Mississauga, Ontario Canada, just wrote a piece for Corp! Magazine. It is entitled "CIOs: Breathe and Count to Five – New Ideas to Cut Old Costs," and you can read the whole thing in two minutes by clicking on the link below:

http://www.corpmagazine.com/technology/digital/itemid/1801/cios-breathe-and-count-to-five--new-ideas-to-cut

Blyzinskyj challenges CIOs to focus on how to cut costs on their telecom - and other - expense areas by reexamining their processes and seeing how some "new-old" ideas can help. And guess what, he strongly recommended that CIOs look at using reverse auctions to produce significant cost savings in their spending on all forms of telecom services! He writes:

"4. Use reverse auctions to renegotiate your contracts.
Reverse auctions are becoming especially fitting in the rejuvenation of corporate America, as was demonstrated during the recent downturn by the Treasury Department’s intent to use “market mechanisms where possible, such as reverse auctions” to aid in the purchase of toxic assets associated with the economic bailout plan. National Public Radio (NPR) lauded this tactic, stating that reverse auctions are, 'Perfect for the situation the government finds itself in: one buyer and a lot of people selling.'”

Well said, John! And for CIOs across the board, both in the public and private sector, take note of Blyzinskyj's advice and get started today asking your staff and working with third-party auction providers to see how - and how soon - you can begin making use of reverse auctions to produce significant savings in this and other tech spending areas. Want help doing so, contact us here at the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/ to help today!

David

From the Reverse Auction Research Center: http://reverseauctionresearch.blogspot.com/
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