cancel
Showing results for 
Search instead for 
Did you mean: 

what is the difference between live auction and bid invitation

Former Member
0 Kudos

hi friends

what is the difference between live auction and bid invitation

thanks

regards

vinaykrishna

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member183819
Active Contributor
0 Kudos

Source SAP.

BI including Price and non-price variables but LAC Bidding is based on price only.

BI - Longer response time for Bidders (from days to week) but Bidding short bidding windows (Hours).

BI - Bidders sees no information on competitors' bid but in LAC Rank,Best Bid , and next bid can be displayed on real time

BI-Well suited for large variety of goods and services , including ram waterials, services and projects but LAC More suited for commodities or goods and services with standard attributes that vary only slightly from supplier to supplier.

BI -Sourcing is based on value propositions (.eg. High Quality ,fast deliveries) rather than price but LAC market dynamics of auctions work best when buyer/seller relationship is loosele- coupled.

BR

Raman

Former Member
0 Kudos

Thanks

imthiaz_ahmed
Active Contributor
0 Kudos

Live auction are typically fast-paced and highly competitive. Both purchasers and bidders can monitor one or more auctions and the associated bidding activity in real-time.

For more information:

http://help.sap.com/saphelp_srm50/helpdata/en/52/8ed84b0e2447afb1c565990efd52d1/frameset.htm

Regards, IA

Former Member
0 Kudos

hi imtiaz

i think even bid invitations can be available online through public bid invitation

my doubt is if both are performing the same task then why we have both bid invitation and live auction

regards

vinaykrishna

Former Member
0 Kudos

Hi

Live auction is where buyers and bidders can log on to the auctioning system (LAC) online and the auctioning process is carried for a stipulated amount of time. At the end of auction, the lowest priced auction will be converted to a bid invitation by the buyer. Then we can onceagain do the bidding process based on the Bid Invitation converted from an live auction & the lowest bid will be awarded with a contract or a PO.

The auctioning process done above is called Reverse Auctions.

R/Murali.