on 06-20-2008 8:10 PM
hi friends
what is the difference between live auction and bid invitation
thanks
regards
vinaykrishna
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
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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
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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.
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