Auctions:

Auctions enable buyers to solicit bids for goods and services that are clearly defined, such as office
furniture or memory chips. Buyers can discover new suppliers or buyers and get competitive pricing or
improved service. Buyers can tailor each auction to control who can see bids during the auction,
whether multiple rounds of bidding are possible, and whether partial bids are allowed. Many different
items can be included in an auction.
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Login to Application
Open Sourcing Super User Responsibility
Create Auction
Enable EMD (Earned Money Deposite)

Note: If EMD Enabled in negotiations, you should assign EMD Administrator and approval required to
Collaboration team.

Enter EMD Amount and EMD Type

Enter Scoring Options

Add Sections and Requirements

Enter Requirements weight

Item and Attributes:

Controls:

Note: Staggered Closing makes time intervals between items while closing the auction.

Add suppliers

Submit Auction for Approval

EMD Administrator Approves:

Go to Sourcing EMD Administration Responsibility and submit EMD Transaction for

Supplier(007IBM CORPORATION):

Back to Sourcing Super User

Create a Surrogate Bid (Supplier = 007IBM CORPORATION)

Set Bid Price 500,000 $

Set Proxy minimum= 400,000 $ and Proxy Bid Decrement= 5000 $

Create Bid for another Supplier: AMZ_Corporation

Note: Make sure that EMD Transaction is done before Surrogate Bid creation.

Resubmit Bid again:

Now, View Surrogate Bids

Analyze by Bid

- Now AMZ_Corporation will Enter Power bid= 10%

Click Recalculate
Bid Price for AMZ_Corporation will be updated to 405,000 $
Automatically Proxy Bid will be generated for supplier 007IBM CORPORATION decrementing Bid
price by 5000 USD till it reaches the minimum bid price= 400,000 USD

Now close the Auction

Enter Bid Scores

Finally Award Supplier

Submit Purchase Order Creation

Good Luck,
Ahmed Forsan