Cost Reduction Focus

Make Annual Cost Reductions Easier

We help procurement teams reduce their component costs by leveraging a global supplier network to create competition amongst manufacturers.

We help procurement teams achieve procurement cost savings by leveraging a global procurement strategy and a network of qualified suppliers to create competition amongst manufacturers. Our cost reduction strategies in procurement and e-procurement solutions allow for faster sourcing, better supplier performance management, and lower supply chain risks.

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%
Cost reduction achieved
%
Faster supplier discovery

MESH Audit Results

Comprehensive factory evaluation

Total Savings YTD
.
M
12% vs last year
Active Auctions
Suppliers
Q1 Target Progress78%

Reduce Component Costs with Reverse Auctions

Procurement teams have reduced purchasing costs by over 10% using MESH procurement management software and reverse auction.

By merging cost reduction strategies in procurement with a competitive bidding process, MESH helps procurement cost optimization and delivers measurable results. Our digital procurement platform for cost savings speeds up negotiations, boosts supplier participation, and leads to better pricing outcomes.

%+
Average Savings
Cost reduction achieved
%
Time Saved
Faster supplier discovery
x
Suppliers Found
More qualified options
%
Risk Reduced
Supply chain stability

Reverse Auction Results

Cost Reduction Achieved
%
vs initial quote
Participants
h
Duration

Auction Dashboard

Start
$2.45
Mid
$2.85
Final
$2.62

Learn more about how reverse auctions can help you

Reverse auctions are one of the most underutilized procurement strategies today. With the right reverse auction platform for procurement, buyers can reduce costs by 10–25%, speed up cycle times, and create more transparent supplier competition.

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Accelerate supplier qualification with Reverse Auctions

Sourcing teams can find & include suppliers in Reverse Auctions to create competition & get best pricing

This feature of our procurement management software supports procurement sourcing strategies and managing supplier performance. It allows for quicker supplier qualification and helps reduce costs.

Step 1

Search Supplier Database

Find qualified suppliers from our verified database

Step 2

Invite your own suppliers

Include your current suppliers in the auction

Step 3

Create & Run the Sourcing event

Create competition amongst suppliers to drive the best pricing & terms

Step 4

Project Award

Evaluate supplier pricing & responses to decide the best fit

Customer Success In Procurement

Profile
Company Logo

Zach Diable

Supply Chain Manager

K $

Savings

“By leveraging MESH in the supplier identification processes, TriVista ensures the best possible results for its clients. MESH complements TriVista's methodical approach to sourcing, further enhancing client satisfaction. The supplier database has many commonly sourced categories (machined, die-cast, stamped, sheet metal, etc.). Also, it contains other helpful information, such as MESH audit results, that provide useful insights beyond what can be found on a supplier website.”

MESH AuditsSupply Chain ResilienceSRM
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Profile
Company Logo

Mohammed Abdul Salaam

Sourcing Project Engineer

%

Procurement Savings

“What stands out the most about MESH is its user-friendly interface, which makes it accessible to team members of all experience levels. The tool simplifies the RFQ process, saving us time and ensuring accuracy in our data. MESH has become an indispensable tool for Current Lighting, enhancing efficiency, reducing costs, and providing exceptional support.”

MESH RFQ ToolProcurement AutomationSupplier Onboarding
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Reverse Auction Demo

Watch our 2-minute demo to see how MESH’s e-procurement solutions and reverse auction in procurement help teams save procurement cost through competitive bidding.

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Benefits for Procurement Teams

Helping drive supply chain strategies like global sourcing, risk reduction, localization, dual sourcing & much more

Market Intelligence

Uncover insights into true market pricing and supplier behavior

  • Benchmark costs by category
  • Identify aggressive suppliers
  • Multiple suppliers competing

Risk Reduction

Broaden your supplier base & reduce dependency

  • Multiple qualified bidders
  • Less reliance on incumbents
  • More resilient sourcing strategy

Enhanced Negotiation Power

Leverage competition to secure the best terms

  • Real time price pressure
  • Improved buyer leverage
  • Standard & fair bidding rules

Achieve Up to 14% Cost Savings in Weeks

Experience how MESH helps you achieve quick procurement successes with digital sourcing and competitive bidding.

Talk to Our TeamTry Our Reverse Auction Tool
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