Home>A critical review of online auction models Make Money Online Back To Snippet Back To SITEMAP A critical review of online auction models Ray Moran is a happy these days. The University of Nevada Reno's director of purchasing is ha the early phases of using the school's new electronic purchasing marketplace. He expects to achieve savings of 15 percent to 20 percent by completing at least half of UNR's purchasing transactions under $2,000 online. Since those transactions amount to about $13 million annually, that's a potential savings of more than $2 million a year. No wonder he's smiling. "It's estimated that rogue purchasing--buying from non-contracted vendors--costs an institution approximately 15 to 20 percent extra," Moran says. "Giving endusers a simple, foolproof way to use the contracted sources should all but fill that loophole. With the information that an e-purchasing system can provide--about commodities purchased, from whom, and at what price--a purchasing department can go out and find better pricing and terms to the tune of at least 10 to 20 percent." Colleges and universities tend to fall into two camps when it comes to e-procurement. There are schools such as UNR and Arizona State University that are on the "bleeding edge" and have already made a commitment to using a third-party vendor. In September, ASU began rolling out Buysense, an online procurement system that made 11 strategic vendor catalogs offering more than 600 items available to faculty and administrators with the point and click of a mouse. ...
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