Street Smart Marketing

Reverse Auction Bidding has great potential to bring major savings to large purchase items and service. New WHS partner, Street Smart Marketing, will help you do that. Street Smart offers an Internet hosted, business-to business, buyer-centric procurement strategy helping customers secure goods and services with the most qualified, customer focused and cost effective suppliers. Here are the main features.

• The buyer selects the subject or service for the auction
• The buyer writes the specs for the purchase
• The buyer selects the vendors from which it wants to receive bids
• The buyer sets the initial bidding price
• Street Smart organizes the reverse auction
• The vendors compete in a live, one-hour auction, observing via Internet the bids and prices, knowing only their own identity
• The buyer selects the preferred vendor
• The buyer and Street Smart share the savings

The concept works for individual products and services not presently within the hospital’s group purchasing organization contracts. Street Smart will also help organize bulk or group buys of such commodities as natural gas.

Please feel free to contact Michael Bense, Street Smart Marketing’s Chief Operating Officer, with questions at 215-407-9095 or StreetSmartMkt@aol.com.

See www.streetsmartcostreduction.com for more information.