e-Auction


  • e-Auction module is open to users having buyer role.
  • The e-auction methodology that b2btender uses is reverse auction where the bidders are expecetd to dcreases their prices.
  • Buyer can invite its suppliers to a reverse auction and benefit from their web based and real time competition.
  • e-Auction may not guarantee the lowest price ever before, but commits the fair market value obtainable at that point of time under the existing market conditions.
  • As the number of bidders increases, the competition and hence the market price will be more fair.
  • The flexible design of b2btender enables the buyer to organize one single e-auction for multi number of different product and service(s) simultanously.
  • It is buyer’s saving to determine the rules of the e-auction.
  • Only requirement is to communicate these rules to every bidder early enough to secure the information equilibrium.
  • Duration of e-Auction canbe five minutes and its multiples.
  • What will be visible to the bidders is dependent on the buyer. The visibility of the lead price, the ranking of the bidders, the ther bidders, prices of the other bidders during the e-auction are heavily impacting the competition and decided by the buyer.
  • Such rules are communciated to the bidders invited before the e-Auction starts.
  • If buyer assumes a value from competition point of view, may ask the bidders to enter their prebid offers before the e-Auction starts. Otherwise, bidders will enter their first bids after e-Auction starts.
  • Bidding mechanism during the e-Auction is designed to conduct a speedy but reliable auction.
  • In case multi porducts and services are auctioned, bidders may enter each item price individually one by one or may enter a total price.
  • Should the bidder prefers entering total price, b2btender platform distributes the total among items based on their weighted averages of their latest itemized prices.
  • Bidder can post the offer based on the calculation by b2btender or can still change the individual prices manually that he does not like and then post the corrected offer.
  • Mimimum bid is the minimum reduction amount that the bidder should decrease at one time.
  • Maksimum bid is the maximum reduction amount in terms of percentage at one time. It protects the bidder to reduce its price too much accidentally.
  • Buyer, if prefers, can organize last minute extensions for the auction.When Last LEad Period is defined by the buyer, any lead price change during this period will add duration of the auction. As an example if buyer defines the Last Lead Period as 3 minutes and Extension Duration as 2 minutes; a change in lead price within the last 3 mins of the auction will add 2 minutes to the auction.
  • If buyer enters zero to the Lead Decrease Period, the auction will not extent.
  • b2btender prepared two e-auction templates for buyers to use in their e-auctions. Buyers may use these ready templates as they are, or change or creates their own tempaltes from the scratch or even copy paste their previous e-auction templates.
  • The headers highlighted red inside the templates are mandatory sections that buyer has to fill.
  • When an e-uction is received, the supplier has to approve the Non-Disclosure Aggrement in order to access to the content of the e-Auction.
  • Once the supplier reviews the content of e-Auction, must accept or decline the e-Auction invitation. Declining means that the supplier will not participate to the e-Auction. Acceptance means that teh supplier commits to participate to the e-Auction at the defined timeline.
  • During the e-Auction, the content of screens for the buyer and bidders are diffrent. Bidders can only see what is allowed by the buyer but as communicated before the e-Auction starts. Buyer can see the bidders’ bids, rankings, the savings between opening and teh last price for each product and service(s) subject to the on going e-Auction.