This is part 4 of a 4 part guide to setting up eAuctions. To view parts 1, 2, and 3 please use the links at bottom.
Supplier Visibility Formats
What type of Visibility Options are used and why?
RANKING WITH LOWEST BID VISIBILITY
Starting/Reserve Price Guidelines
If suppliers are unable to meet the starting or reserve prices that were set for them, examine how you quantified your factors. Were they based on real hard costs or perception? If you cannot quantify the costs fairly for suppliers, you might have set them too high, which prohibits participation and
If you feel that your factors were quantified in a true cost manner and the supplier cannot adhere to your prices, perhaps you should not invite that supplier to participate in the auction. You need to ensure that you are working with qualified suppliers who can meet your business needs.
|Set starting prices (ceiling prices) on a per supplier basis, for each item or lot||Compliance with prior negotiated prices for suppliers are honored|
We have changed the approach to setting variable starting prices, so that these can be set by supplier, by line item, before an event launches. For example, this is helpful when pulling offline contract pricing into events as starting ceiling prices.
4 Elements to an eAuction setup parts 1, 2, and 3
Part 1: Pre-Bids
Part 2: Bidding and Timing Rules