Savings secured via the West Midlands eAuction programme total £20 million with some local authorities making a return on their investment of 70:1.
The eAuctions take place on line. Potential suppliers compete in real time by providing prices for goods and services under procurement, including home to school transport, ICT, office furniture and cleaning products.
This form of buying and pricing is a major strand of Improvement and Efficiency West Midlands (IEWM) smarter procurement programme.
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