Thank you to those of you who attended this Webinar. Below are the questions from the sessions with their corresponding answers. Please feel free to use Ariba Exchange to respond to this post and interact with your peers. We look forward to speaking with you again in a future session!
Question: Re bid rank trigger. bidders can see this # and could reasonable assume that # is equal to the # of bidders. Any thoughts/best practices here?
Answer: Bidders cannot see the number you input to allow bidders of rank X and below to bid, so they only see their own rank, from which they can only assume that there are at least as many as their rank in the auction.
Question: Can recipients see rank- if you indicate yes (and I apologize if I missed this) do the participants see only the other bidding suppliers' name?
Answer: In most Reverse Auction templates you will have the choice to show rank, if the choice is not there, then it is frequently on by default. They will see their rank but not other suppliers information. The only thing they will know that there are at least as many bidders as the number in rank they have. You have the option to other suppliers positioning and their names but this is rarely used, and not available in every template.
Question: If the Review TIme Period is in place for 1 hour, can we open the next Lot while that Time Period is open or do we need to wait for the Review Time Period closes?
Answer: The Review Time period is not a feature that stops the next lot from opening, it is simply an idicator to show that the lot 'In Review' can be re-opened.
Question: How do you know whether or not there will be a large discrepancy between bids until you start the event if this triggers your choice between showing lead bid vs showing rank?
Answer: Best practice recommendation is to always do an RFP before deciding on a Reverse Auction, to qualify vendors from a pricing and qualitative standpoint and because this will provide the information to help in making those decisions.
Question: Is there a way to systematically load initial prices for each participant from a previous rfp that had the same line items?
Answer: Yes, you are able to Add 'Content from Library', choose Past Events', search for the RFP, copy the line items and at the top of the RFP content you will see a number of check boxes have the option to copy the bids submitted, as well as the suppliers invited to the RFP. If you do not wish to invite all suppliers to the Auction simply go to the Suppliers tab after you have completed the copying and delete those you do not wish to invite, this will also delete any bids that were brought across with the items.