Fast Company on How FedBid and Reverse Auctions are Changing Public Sector Procurement for the Better

Here is a fantastic article from Fast Company about how too often, the media misses out on real transformative efforts in business. In this piece, the author, Kaihan Krippendorff, does a very good job of explaining how FedBid's online marketplace is "helping governments reinvent how they buy things" - saving taxpayers' money, creating efficiencies for government buyers, and generating opportunities for small businesses. Mr. Krippendorff takes the reader through a reverse auction example for - of all things - ferrets! Read the complete article by clicking on the link below:

Coordination Is King | Fast Company

Yes, as FedBid's President Glenn Richardson, this is "a game changer."

David Wyld, Professor of Management at Southeastern Louisiana University and Director of the Reverse Auction Research Center (http://www.reverseauctionresearch.com/)

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