12/14/10: The Mentholatum Company is Recession Smart
Mentholatum not only provides
excellent products, but they do it at great prices, in part because of the
advanced spend reduction methods they utilize.
This year alone Mentholatum’s use of reverse auctions, which helps them buy
goods, services, and capital equipment, quicker and more efficiently, has
resulted in an additional 21% reduction in price through Sorcity.
"It’s not like the reverse auction process is new", says John Lewandowski,
Strategic Sourcing Manager at Mentholatum, "but it is an advancement that can
save millions of dollars more than the time spent in face to face negotiations,
and that helps keep our people employed and our prices down."
It is not just about doing reverse auctions, it is about doing them right, which
is where his provider, Sorcity.com, brings 12-years of experience. “We knew
experience and quick, no-cost reverse auction access was of high value to us, so
we selected Sorcity and are very pleased. Why build the reverse auction
capability ourselves when the Sorcity Center of Excellence minimizes issues and
maximizes savings”, said John.
Sorcity is the longest standing reverse auction provider (aka eRA, eRFQ or
in the world, with over 620,000 suppliers, serving over 500 clients who have all saved
more money than their last negotiated prices. "Sorcity has sharp people and I trust
their advice because of their ethical approach and the fact they receive no
supplier-paid fee if we don’t save mone", says John. "Where is the down side when it
helps keep prices down for our customers?"
The Sorcity ebid
approach allows suppliers to see when they are out-bid and bid again, much faster and more transparent than
negotiations, so it can be applied to any purchase where there is more than one supplier. That is what makes
it so powerful for buyers and sellers – saving time for both.
The Mentholatum Company is a global health and wellness company dedicated to
providing effective OTC solutions to consumer’s personal needs. Their diverse
portfolio of personal care items include OXY® acne solutions, Softlips® lip
protectant/sunscreen, and Rohto® eye drops.
Sorcity.com is the longest standing ebid
provider worldwide, helping organizations since 1999 reverse auction most all goods and services without
delay. See some of the
many organizations that have saved more through Sorcity.com or Google
Sorcity to see their tenure and credibility; also available on the ISM web site.
Web Site: Mentholatum http://us.mentholatum.com/about-us/