What are the Difference Between "Rfx" and "Auction"?

[Former Member]

Dear SRM Experts,

I am MM consultant; new to SRM.

I am trying to prepare list of difference between "RFx" and "Auction" for better understanding of the subject. I am able to see some differences, for example,

1. In Auction "Weights and Scores" tab is not available, where as this facility is not available in RFx?

(I hope this observation is correct?)

WHAT IS THE EXACT LIST OF DIFFERENCES?

Ganapathi

[Former Member]

Dear Ganesh Kumar,

Thanks for the response.

I had already read about "Factored-Cost Bidding" in below url.

http://help.sap.com/saphelp_srm70/helpdata/en/7a/7291bf4b2644da84a4005b46e83bff/frameset.htm

But neither in above url, nor in the PDF which you gave, I could not find clear examples.

By reading the explaination given, I understood that, though the "Factored-Cost Bidding" is a different method used in Auctions, it almost servers the same purpose as "weighing and ranking" used in RFx.

I request you to give 1 or 2 examples of "Factored-Cost Bidding".

Thanks,

Ganapathi

[Former Member]

Thread closed, as most of the visibility was got with the available answers.

Ganapathi

[Former Member]

Dear Ganesh Kumar,

Thanks for the reply. It gave lots of clarity.

However whether the example which I took is correct?

Whether "Weighing and Ranking" in RFx and "Factored-Cost Bidding" in Auction are similar/Equivalent Features?

I request experts to contribute some more points to this thread.

Ganapathi.

[Former Member]

Hi,

Whether "Weighing and Ranking" in RFx and "Factored-Cost Bidding" in Auction are similar/Equivalent Features?

Both are different methods

In RFx the method used is ""Weighing and Ranking" and in auction""Factored-Cost Bidding" method are used.

For more clarification please check the link

http://www.sap.com/solutions/business-suite/srm/pdf/RN_BIDDINGENGINE30_EN.pdf

Regards

G.Ganesh Kumar

[Former Member]

Hi,

In RFx there are three option

RFI- Request for Information.

RFQ- Request for Quoation

RFP- Request for Proposal

In Auction.

There are two types is Live Auction and Reverse Auction

In Rfx the time limit is in days -Start date and End date

In Auction the time limit is in Hours or minutes - Say 30 minutes or one hour

In RFX -once the bids are sent to the vendor you can change only upto the End date of the bid

In Auction -you can change any minutes or sec because it is a live auction

In RFX . you cannot able to see the price of the competitor

IN Live Auction -you can see the price of the competitor and you can bid.

Normally after RFX only the supplier wishes he can convet to LIVE AUCTION to get the better price.

For eg there are three vendors - A,B,C --The prices quoted are Rs 95, 96,97 respectively.

All the vendors are good. inorder to get the price advantage the supplier will convert the RFx into Live auction .

In that the supplier will get the prices say close to Rs 90 /- because of Live auction.

Regards

Ganesh Kumar .G