The Department of the Navy, looking for more efficiency in its acquisition process, has adopted the General Service Administration's Reverse Auctions eTool to increase savings on commonly purchased office products, equipment and services.

Signing a memorandum of understanding on Jan. 18, 2017, the two parties have extended a longstanding partnership for reverse auction procurements, where sellers compete to win business from agencies with prices decreasing as the competitive auction progresses.

The eTool can be used to facilitate the request for and submission of quotes, offers or proposals for products, services and solutions through GSA Multiple Award Schedules and Blanket Purchase Agreements and Open Market (non-schedule) acquisitions.

The Navy, including the Marine Corps, has worked closely with the GSA for more than three years as the Reverse Auctions platform has been enhanced, awarding over $22 million in reverse auction procurements with average savings of 7.82 percent over standard pricing. 

The Navy's Strategic Sourcing Program Management Office continues to actively review the effective integration of GSA eTools, said Mark Bennington, Naval Supply Systems Command assistant commander for contracts, in a news release.

More information about GSA Reverse Auctions can be found at reverseauctions.gsa.gov.