Procurement - EBS (MOSC)

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Need support for Reverse Auctions in Sourcing

edited Feb 2, 2016 11:36AM in Procurement - EBS (MOSC) 1 commentAnswered ✓

Hello Gurus

As far as I know Forward Auction Requirements would be similar to typical "Reverse Auctions' except the below:

* Requirement to mark the negotiation type as 'Forward Auction'

* Supplier to be forced to increase the bid amount in each round (Ascending)

* Ranking based on the highest bid

Support for negative cost factors from R12.2.3 onwards, helps a bit for discounts & rebates, but the bid amount for the line still has to remain positive. If this condition is not enforced, we could use this as a workaround for Forward Auctions.

However I am still do not know how to setup a reverse auction in Sourcing, I have just created a Auction in Sourcing but I am wondering if I need to define negative cost factor in order the Suppliers will be forced to decrease the bid amount in each round.

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