At the end of 2009, Mount Vernon Mills, Inc. closed a contract that helped the company acquire coal for manufacturing operations over Q1 of 2010. The organization teamed with BidBridge, a proven eAuction services provider for the public and private sectors, to leverage an electronic reverse auction platform.Mount Vernon Mills, Inc. is a diversified and integrated manufacturer of textile, chemical and related products for the apparel, industrial, institutional, and commercial markets. The company's Trion, GA location consumes approximately 1200 tons of coal per week to fuel diverse manufacturing operations like the production of denim, fabrics with indigo and sulfur dyeing, piece dyed and finished fabrics (cotton and blends) including flame retardant, military uniforms, sportswear and career apparel.
Trent Jordan, Division Controller for Mount Vernon Mills' Trion location, chose BidBridge's unique eProcurement platform because it was the best option for running a smooth, efficient bid that could potentially save money for the organization. In partnering with BidBridge, Mount Vernon Mills placed its suppliers in a forum that allowed them to actively compete for the company's business.
In an event that logged 35 first place turnovers and 76 time extensions, four suppliers placed 84 bids to win the business. The bid event resulted in a significant cost savings that represents just one of the many benefits purchasing organizations gain by using BidBridge's e-Auction platform.
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