Revolutionizing Purchasing: How Competitive Bidding Impacts Consumer Prices
The article "Purchasing by Competitive Bidding" discusses how the Hackensack Water Company in Weehawken, N.J., used competitive bidding to make purchases. The main goal was to show how this method can be effective in procurement. The researchers, who are from the company itself, shared their approach and findings. They found that competitive bidding helped them get the best deals for their purchases, ensuring cost-effectiveness and quality. This method allowed them to make informed decisions and save money for the company.