Hello Aribians! Today's Knowledge Nugget is on effective auction practices. I've broken this nugget into three essential parts. This is part 1 - Supplier base training best practices and buyers & suppliers bilateral rules for auctions. For parts 2 and 3 please follow the links at the bottom of this post. Enjoy!
1) Supplier Base Training Best Practices
2) Buyers & Suppliers Bilateral Rules for Auctions
(You must respect these Rules for eSourcing Credibility & Market Integrity)
|Buyer Agrees to||Suppliers Agree to|
|1. Award only to suppliers who bid online||1. Not submit new bids offline after the event|
|2. Only invite qualified suppliers to bid||2. Bid as aggresively as they can|
|3. Award business for a lot in whole as described in RFQ||3. Bid on entire lots as described in RFQ|
|4. Award business at prices bid online||4. Submit all bids as legal quotations|
|5. Give low bidders a *fair look* to win the business||5. Low bidder does not automatically win, factors other than price matter|
This has been part 1 of a 3 part post. I hope it has been informative and helpful. For posts 1 and 2 please follow the links below.
This has been another Knowledge Nugget post brought to you by Beverly Dunn.For more information or details please feel free to contact me!