eBridge recently completed a direct purchase bid for a Fortune 500 manufacturing company. The bid was for a component part and involved suppliers bidding from three continents. There were 62 bids placed, with bids coming in significantly lower than the company’s budget. eBridge conducted individualized training for the vendors and hosted the entire event through its secure website. The buyer didn’t have to invest in any additional software or staffing to run the event. In the end, the purchasing company estimates that it saved over $1 million by using this process and is currently looking at future bids on which it can partner with eBridge.