Ocean freight reverse auctions yield significant savings, allow for extremely fast decision making, and do not have to negatively impact the very important ongoing relationship between buyer and supplier. Typically reverse auctions replace slower, labor-intensive, multi-round spreadsheet driven bids. Reverse auctions automate data collection, negotiation, and analysis thereby replacing many hours of labor and several weeks waiting for carrier responses. At the same time, the reverse auction clearly establishes the market value and drives greater savings than a traditional negotiation can hope for.

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Ocean freight is complex. To maintain a good relationship and achieve savings one must follow an excellent process. In the next NLPA webinar “How to Set Up and Run an Ocean Freight Reverse Auction,” guest presenter Matt Miller, President of K2 Sourcing, will demonstrate its replicable process for success including showing an example of an ocean freight eRFP, cost breakdown templates, the online reverse auction setup, and basic analysis.

Whether you use K2 Sourcing or another reverse auction platform, the webinar will demonstrate a clear method for how you can achieve large dollar and time savings on ocean freight while still maintaining great carrier relationships.

This webinar will be held on April 29, 2015, at 11:30 AM Eastern US Time.  It is open to all members of the NLPA and a Basic Membership in the NLPA is instant and doesn’t cost a cent! Here’s how to secure your attendance for the webinar:

If you’re already an NLPA member: Head over to http://www.NextLevelPurchasing.com/login.html, log into the members’ area, and navigate to the “Webinars” tab. There you’ll find a registration link, be sure to enter a valid email address as attendance details will be sent to you by email.

If you’re not yet an NLPA member: Register for your complimentary Basic Membership in the Next Level Purchasing Association at http://www.NextLevelPurchasing.com/procurement-association.php?pcb. After doing so, you’ll receive an email with information about how to log in. After logging in, navigate to the “Webinars” tab. There you’ll find a registration link, be sure to enter a valid email address as attendance details will be sent to you by email.

Registration may be limited, so sign up soon to ensure access to this event. I hope that you will join me for this exciting webinar!


Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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