BidBridge Teams With Mount Vernon Mills to Acquire Coal for Manufacturing Operations through eAuction Suppliers Actively Compete for New Q1 Coal Contract
TRION, Ga., Jan. 19 /PRNewswire/ -- At the end of 2009, Mount Vernon Mills, Inc. closed a contract that helped the company acquire coal for manufacturing operations over Q1 of 2010. The organization teamed with BidBridge, a proven eAuction services provider for the public and private sectors, to leverage an electronic reverse auction platform.
Mount Vernon Mills, Inc. is a diversified and integrated manufacturer of textile, chemical and related products for the apparel, industrial, institutional, and commercial markets. The company's Trion, GA location consumes approximately 1200 tons of coal per week to fuel diverse manufacturing operations like the production of denim, fabrics with indigo and sulfur dyeing, piece dyed and finished fabrics (cotton and blends) including flame retardant, military uniforms, sportswear and career apparel.
Trent Jordan, Division Controller for Mount Vernon Mills' Trion location, chose BidBridge's unique eProcurement platform because it was the best option for running a smooth, efficient bid that could potentially save money for the organization. In partnering with BidBridge, Mount Vernon Mills placed its suppliers in a forum that allowed them to actively compete for the company's business.
In an event that logged 35 first place turnovers and 76 time extensions, four suppliers placed 84 bids to win the business. The bid event resulted in a significant cost savings that represents just one of the many benefits purchasing organizations gain by using BidBridge's e-Auction platform.
"With BidBridge, the bid event ran smoothly, and we were able to monitor the entire process as it unfolded via the company's web-based platform," said Jordan. "At no cost to us, we were able to leverage the dynamic transparency and reporting capabilities provided by BidBridge to keep the reverse auction process under our control at all times."
Founded in 2002, Louisville-based BidBridge provides fully managed e-Auction services to both the public and private sectors. Through its competitive sourcing and online procurement system and services, BidBridge assists its buyers in achieving true-market value for the goods and services needed for ongoing business operations. Significant cost reductions and procurement efficiencies have allowed BidBridge's buyers to save millions of taxpayer, corporate and investor dollars, ultimately producing a positive effect on compressed budgets.
For more information, please visit: www.bidbridge.com.