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1 Copyright © 2021, Oracle and/or its affiliates

Conducting Reverse Auctions in Oracle
Sourcing Cloud

Divya Dacharaju
Senior Product Manager
August 31, 2021
Agenda

1 Reverse Auctions: Overview

2 2021 Features: Prebid, Line level price decrement
3 Demo
4 Q&A

3 Copyright © 2021, Oracle and/or its affiliates. All rights reserved.

Reverse Auctions: Overview

• Reverse Auctions are negotiations that enable buyers to obtain best possible prices for goods and
services.
• Auctions are open for a short period, and the bidding process moves quickly resulting in increased
competition.

Key Capabilities
 Monitor Auction as a Supplier
 Proxy Bidding
 Mass Price Reduction
 Prebid (New)
 Line level price decrement (New)
 Internal Cost Factors
 Staggered Line Closing
 Autoextend Auction

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Set up: Enable in Negotiation Style

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Set up: Enable in Negotiation Style (Cont’d)

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 Demo

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Staggered Line Closing

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Autoextend Auction

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Proxy Bidding

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Mass Price Reduction

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Internal Cost Factors

https://cloudcustomerconnect.oracle.com/posts/7e7b4eac01

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Monitor Auction as a Supplier

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Prebid (21A)

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Line Level Price Decrement (21B)

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Resources

• What’s New: Apply Internal Cost Factors to Supplier Response (Update 19D)
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/proc/releases/19D/19D-procurement-wn.htm#F8040

• Release Training: Apply Internal Cost Factors to Supplier Response (Update 19D)
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/readiness/offering.html?offering=procurement-procurement-19A-19C

• What’s New: Apply Internal Cost Factors to Negotiation Lines (Update 20C)
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/proc/releases/20C/20C-procurement-wn.htm#F13001

• What’s New: Define Default Internal Cost Factors for Negotiation Lines (Update 20D)
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/proc/releases/20D/20D-procurement-wn.htm#F14648

• What's New: Submit Prebids Before Auction Opens (Update 21A)

https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/proc/releases/21A/21A-procurement-wn.htm#F15899

• What’s New: Enforce Different BID Price Decrement for Each Line in Auctions (Update 21B)
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/proc/releases/21B/21B-procurement-wn.htm#F17108

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Thank you

Q&A

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