Stages in an Auction
The following table displays the various stages in an auction. This process is applicable
to all types of auctions supported in Emptoris® Sourcing.
| # | Stages | Who does it |
|---|---|---|
| 1 | Create an auction. | Buyer Application Manager |
| 2 | Place bids. | Supplier users |
| 3 | Monitor the auction. | Members of buyer organization |
| 4 | Analyze the bids received. (Applies only to English reverse auctions.) | Members of buyer organization |
| 5 | Award auction to one or more suppliers. | Buyer Application Manager |