E&I Procurex Contract

Procurex

Please note that while E&I’s current Procurex contract expires on 11/30/20, a new contract has already been negotiated and signed. The new contract will become effective on 12/1/20 with a one year term, effective 12/1/2020 through 11/30/2021, with two (2) one (1) year renewals..

The Procurex reverse auction software platform is a cloud-based solution developed by purchasing and procurement professionals over the past 15 years. Procurex has taken the complex variables and permutations of the reverse auction process and codified them into an intuitive and easy-to-use solution that’s also extremely powerful. This highly flexible solution provides E&I members with a wide variety of options to fulfill their particular requirements, while following established procurement best practices.

  • Help identifying suitable purchase items or categories, guidance in developing specifications, recommendations on strategy, and other input as needed
  • An easy-to-use, web-based tool that provides access to all pertinent terms and conditions, detailed specifications and other necessary elements of the competitive auction process
  • Three flexible models to conduct a bidding event:
    • E&I Scheduled – Fixed schedule of national and regional reverse auction events fully-managed by E&I and Procurex through all phases of the process. With member input, an annual calendar of potential commodity or service targets will be developed and posted online.
    • Institutional Self-Managed – Self -managed model allowing E&I Members to play an active role in the management of their own reverse auction events. You can host an unlimited number of self-managed events across a 12 month period with an annual subscription fee.
    • Institutional E&I Managed – A fully managed single reverse auction event program that is paid for by suppliers. This means, there are no direct fees payable by the participating institution. Simply identify a category for reverse auction bidding and allow Procurex to manage the process and save you money.

Watch: The 6 Myths of Modern Reverse Auctions in Procurement

More Information

Please contact your Member Relations Representative or Joe Castelluccio, Business Development Manager, General Products and Services.

Getting Started

Complete this EZ Button form to sign up for this contract, as well as any additional E&I contracts you’d like to begin using.