IPT by BidNet® Launches New Cooperative
Purchasing Module
(Albany,
NY, November 2, 2011) Interactive Procurement Technologies (IPT) today
announced the launch of its new Cooperative Purchasing Module for its state and
local government e-procurement networks.
With
the new cooperative purchasing capabilities, agencies across IPT’s 19
e-procurement networks, representing more than 7,000 departments across 13
states, will now be able to share resources with other agencies in their
regions in order to lower administrative and purchasing costs.
With
the adverse economic conditions, government agencies face budget reductions and
pressures to increase efficiency and reduce costs. Using IPT’s cooperative purchasing system, an
agency can easily communicate with other agencies on the systems in order to
aggregate their purchases into a single solicitation—effectively multiplying
the buying power of the agencies participating in the bid. Cooperative purchasing helps all the
participating agencies procure goods and services at the most competitive
prices. Agencies also benefit from
sharing a large central vendor pool. When an agency invites other agencies to
join in a solicitation, the other agencies are free to either accept or reject
the invitation through the IPT system.
In
addition to providing cost benefits by aggregating buying power, agencies also
reduce administrative costs because duplication of effort creating bids for the
same product/service purchases across agencies is eliminated.
IPT’s
Cooperative Purchasing Module helps agencies to:
- Share Resources
- Combine Buyer Power
- Practice Fiscally Sound Procurement
- Networking With Other Agencies
- Reduce Buying Cycles
Any
government agency can join a regional IPT e-procurement network at no cost (to
the agency or its vendors).
Commenting
on the benefits of Cooperative Purchasing, IPT Vice President Dan Ansell notes,
“Every day we talk to agencies that are faced with the dilemma of having to do
more with fewer resources. With
cooperative purchasing, local agencies finally have a tool they can leverage to
work together to become more efficient and effective in lowering both
administrative and product costs—and of course ultimately helping the taxpayers
to get the best value for their money.”
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