Myth #6 “Reverse auctions are incompatible with strategic vendor relationships.” Let’s be honest, vendors don’t love reverse auctions. Suppliers also would prefer to continue to charge higher margins for their goods & services. But their complaints are a good sign for buyers, Krystle Kassab 👋🏽 explains the benefits for both the buyers and suppliers. #strategicsourcing #procurement #procurementleaders #supplychain #eprocurement
Procurex
Business Consulting and Services
Erie, Pennsylvania 626 followers
Ensuring You Secure Your Best Fit Supplier at Their Most Competitive Price
About us
Reverse Auction Management Services with Procurement Consulting, with 20+ years of experience. 💡 Our Mission: Finding Your "Best-Fit Vendors" at Their Best Market Prices. We consistently deliver substantial savings for our clients, averaging between 14-28% on top of their traditional RFP process. At Procurex, we specialize in expert purchasing services for organizations worldwide 🌎. Since 2012, we've conducted over 50,000 e-sourcing live pricing events, managing approximately $60 billion in spend and capturing over $12.0 billion in documented savings. We're honored to serve as the leading provider to esteemed public and private institutions, organizations, municipalities, and publicly traded companies. We assist organizations in enhancing their purchasing processes by optimizing supplier performance and integrating competitive bidding best practices. Our approach encompasses crucial non-price factors like experience and service when evaluating vendors for awards. With our Six Sigma 🎯 strategic-sourcing project management process and cutting-edge, 💻 proprietary eRFx tools, we've facilitated the procurement of thousands of commodities & services, totaling hundreds of millions of dollars since 2002. 🏁 Our team of seasoned purchasing professionals is primed to deliver results for you. If your organization seeks to: ✔ Lower Costs ✔ Identify Best-Fit Vendors at Competitive Prices ✔ Enhance Procurement Efficiencies 💬 Let's Chat. Regardless of our future partnership, our conversation promises valuable insights and actionable steps to propel your procurement journey forward.
- Website
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http://www.procurexinc.com
External link for Procurex
- Industry
- Business Consulting and Services
- Company size
- 11-50 employees
- Headquarters
- Erie, Pennsylvania
- Type
- Privately Held
- Founded
- 2002
- Specialties
- Improved supply base performance, Improved purchasing process, Find best-fit, best-value supplier(s) for your money, Professionally managed supplier relationships to ensure excellence in supplier service, quality and delivery, cost compression, reverse auctions, Procurement, and Driving Costs Down
Locations
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Primary
1001 State Street #1400
Suite 230
Erie, Pennsylvania 16501, US
Employees at Procurex
Updates
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🎉 It’s almost here! The 2025 NIGP: The Institute for Public Procurement Annual Forum kicks off in just a few days, and we can’t wait to reconnect with our amazing procurement community — and meet some new faces in Denver! 📍 Find us at Booth #440 📅 July 28 & 29, 2025 🏛️ Colorado Convention Center 💡 Stop by and discover how AI-driven procurement is helping agencies achieve better results, faster. 👋 Let’s talk! 🔗 ProcurexInc.com #GovTech #PublicProcurement #InnovationInProcurement #AIProcurement #NIGPForum2025 #Procurement #ProcurementLeaders
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At Procurex, consulting is at the heart of what we do—making up nearly 80% of our work. We partner with procurement teams around the world to bring deep expertise, tech-driven strategy, and transparent processes that deliver results. From small agencies to global powerhouses, we help organizations across continents optimize spend, streamline sourcing, and make smarter decisions—every step of the way. We’re proud to make procurement work—across borders, industries, and generations. Happy International Procurement Day to all our peers and partners driving value and innovation around the globe! #InternationalProcurementDay #GlobalSourcing #Procurex #ReverseAuctions #ProcurementConsulting #SustainableProcurement #PublicProcurement #SupplyChainInnovation
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🌍 Happy Earth Day from Procurex! 🌱 From helping the U.S. Department of Defense procure energy for its bases across the country, to supporting DFW Airport with cost-effective, sustainable energy sourcing, to backing Norway’s investment in offshore wind farms 🌊—we’re proud to be a part of real, impactful change. At Procurex, sustainability isn’t just a buzzword—it’s built into how we optimize the procurement process every single day. Our platform empowers clients to: ✅ Secure low-cost, renewable energy solutions ✅Reduce carbon footprints through efficient sourcing practice ✅Embrace tech-driven procurement that eliminates paper trails and delivers data-backed decisions It’s not just about what we do—it’s about who we do it with. We’re honored to work with clients, partners, and a team that shows up every day to move procurement—and the planet—forward. Together, we’re building a future where value and values go hand in hand. Here’s to greener choices, smarter sourcing, and a more sustainable tomorrow. #SustainableProcurement #ReverseAuctions #EnergySolutions #Procurex #GreenerFuture #OptimizedProcurement #CleanEnergy #SmartSourcing #ProcurementLeaders
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⛳️ Procurement is a lot like The Masters.🏌️♂️ Both require precision, strategy, and the ability to adapt under pressure. At The Masters, every stroke counts. In procurement, every decision impacts cost, compliance, and long-term value. 🌟 At Procurex, we help organizations avoid the sand traps of inefficiency and hit a hole-in-one through smarter sourcing strategies like holistic live pricing events, competitive bidding, and supplier optimization. This weekend, as the best in golf compete for the green jacket, here’s to all the procurement pros aiming for excellence every day. ⛳💼 🎯 "What’s the biggest ‘hole-in-one’ moment you’ve had in procurement this year?" Drop it in the comments—I’d love to hear your win! ⬇️ #Procurement #TheMasters #StrategicSourcing #Procurex #GolfAndBusiness #ReverseAuction #ValueCreation #PurchasingPros
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🎉 As we wrap up Procurement Month, we couldn’t let it end without recognizing the incredible professionals who keep everything moving behind the scenes. We are honored to be a proud procurement professionals, and even more honored to work alongside some of the most dedicated, strategic, and mission-driven people in the industry. Procurement isn’t just about buying—it’s about strategy, relationships, and impact. If you’re not in procurement, take a moment to thank your team that literally keeps the lights on 💡 #Procurex #Procurement #StrategicSourcing #ProcurementLeadership #SupplyChain #ProcurementExcellence #ProcurementLeaders
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🚀 Driving Cost Savings & Efficiency in Government Procurement ⭐ For over a decade, Procurex, Inc. has been a trusted federal contractor with the Defense Logistics Agency, helping government agencies streamline procurement, increase transparency, and drive cost savings at an unprecedented scale. From #energy #procurement to global goods and services acquisition, we empower agencies to buy smarter, optimize resources, and maximize taxpayer value. Through our innovative technology and strategic sourcing expertise, we’ve helped save billions of dollars, ensuring public funds are spent efficiently and effectively. As we look ahead, we remain committed to delivering even greater efficiencies, leveraging proven procurement strategies and cutting-edge solutions to help agencies achieve their missions with maximum impact. 💡 Smarter procurement. Greater savings. Stronger government operations. That’s the Procurex way. #Procurement #FederalContracting #GovernmentEfficiency #CostSavings #StrategicSourcing #Procurex #DLA
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