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Administrator Guide
Last Updated: 2023-06-23
Create Auctions from Sourcing Events

Create Auctions from Sourcing Events

  • Closed sourcing events and bid submissions must contain complete price lists.
  • Map all required columns for relevant worksheets.
  • Sourcing events must contain 2 or more bids.
You can configure auctions from closed sourcing events.
  1. Access
    Events
     and click
    Start Auction
     from the
    Options
     menu next to your sourcing event.
  2. Add auction details for bidders in the auction in the
    Add Your Auction Details
     section.
  3. Define the auction structure and rules.
  4. Set the
    Supplier View Options
     for the auction.
  5. Add or delete suppliers on the
    Invited Suppliers
     view.
  6. Edit event worksheets for each lot.
  7. Assign participating suppliers who have submitted bids on at least 1 of the item in the auction lot.
    Suppliers that failed to submit bids for any line items can't submit any bids during the auction.
  8. Invite internal stakeholders to collaborate in the auction.
  9. Review and publish the auction.
Suppliers receive an invitation to the auction.