Five leading suppliers fielded 41 bids, yielding a winning bid that was 21 percent lower than Pepsi-Cola’s purchase price early this year.
Pepsi hosted an auction for three months’ supply of filter tubes, plain filter pads and carbon filter pads, all used in the production of its softdrinks and beverages.
"In line with out company’s objective of enhancing our competitive position, it is imperative to find a system that allows us to cut costs during these difficult times," Pepsi-Cola COO Jessie Domingo says.
"Through SourcePilipinas’ auction facility, Pepsi was able to avail itself of the best possible prices for its direct expenditures without sacrificing product quality," Domingo adds.
SourcePilipinas is a multi-industry B2B horizontal e-marketplace powered by Oracle’s latest exchange technologies.
"With over 300 active trading partners, SourcePilipinas provides a transparent system that promotes competitive pricing most beneficial to buyers. At the same time, multiple bidding allows suppliers numerous chances to post their offers," Christine Yap, SourcePilipinas COO, explains.
"Buyers are able to register savings and suppliers reduce their marketing costs while expending their client base. Everybody wins," she adds.
Members like Pepsi are provided with an exhaustive procurement platform that offers an outstanding balance of value, selection and services, allowing companies to increase efficiency, productivity and profitability.