A Hong Kong Stock Exchange listed company, a leading provider of digital imaging, audio and video electronics. 

Battery（LR44）RFX Reverse Auction (Half Year Supply)

LR 44 Batteries

5 qualified suppliers from Hong Kong and China

Desember 2012

This is a simple reverse auction. The spend is relatively small - HKD 90,000. Auction time was initially set at 20 minutes with Rank and Lowest Bid visibility to suppliers.

Though the spend was relatively small, suppliers bided aggressively. The auction lasted 106 minutes, 115 bid submitted and 48 automatic close time extension. Saving of 24% was achieved. This proves that small spend is not a barrier to achieving savings.