SKOKIE, Ill. -- Topco Associates here has cut its procurement costs for designated products by more than 10% this year through the use of online auctions. Topco, a member-owned cooperative that includes such chains as Giant Eagle, Meijer, Ukrop's, Bashas', Hy-Vee and Wegmans, began using a reverse-auction online procurement solution from Intesource, Phoenix, earlier this year. The cooperative is currently in the ramp-up phase, having conducted 18 auctions. Leveraging its members' purchasing ...
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