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Procedure documentationCreating, Changing, and Cancelling an Auction Locate this document in the navigation structure

Prerequisites

Note Note

The tabs that appear in an auction are determined by the auction type. All tabs might not appear in every document.

End of the note.

Procedure

Creating an Auction

  1. Choose   Enterprise Sourcing   Auctions   Create Auction Event  .

    Note Note

    You can also create an auction by selecting Create on the Auction Event List page, accessed through the My Auctions option.

    End of the note.

  2. Select an auction type, or select a template. The type description indicates whether the auction is reverse or forward and can include other settings, such as bidding and disclosure rules.

  3. Choose Create.

  4. On the Header page, enter the basic information and those under Settings, and add collaborators if required.

  5. Add information as required to each of the tabs: Schedule, Information, Line Items, Bidders, Weights (to add factored-cost bidding factors for an auction with factored-cost bidding), Schedule, Accounting, Exchange Rates (to select alternate currencies and exchange rates).

    Note Note

    The tabs that appear in an auction are determined by the auction type. All tabs might not appear in every document.

    End of the note.

  6. Save your changes.

Changing an Auction

  1. Choose    Enterprise Sourcing   Auctions   and select the required list. These include:

    • My Auctions

    • My Scheduled Auctions

    • My Running Auctions

    • All Auctions

    • Closed Auctions

    You see the Auction Event List page displaying the selected list of auctions.

  2. On the Auction Event List page, select the auction and choose Edit.

  3. Save your changes.

Cancelling an Auction

When you cancel an auction, one of the following occurs:

  • If the auction is open, all activity stops and there is no auction winner

  • If the auction has not started, it does not open at the start time and no bids can be placed

In either case, the auction does not proceed, but you can still view the auction document.

To cancel an auction, do the following:

  1. If the auction is open, suspend bidding activity.

  2. Choose   Edit   Document   Cancel  .

  3. In the confirmation dialog box, choose OK.