Packaged Line Items in Auctions 
A packaged line item is a set of line items that suppliers bid on as a unit. The packaged line item is made up of subline items. A supplier designates a bid for each of the subline items; the sum of these bids makes up the total bid for the packaged line item.
On the Creating: Packaged Line Item page, you can:
Enter and edit general and pricing information for a packaged line item, attach a picture of the packaged line item, and enter comments for collaborators
Add and edit subline items
Features
Field Help for Edit Packaged Line Item Page
General
Function |
Description |
|---|---|
Status |
Indicates the line item status. This field is read only. |
Name & Description |
Enter a name and short description for the line item. This is a required field. |
Long Description |
Enter a long description for the line item. This field supports rich text and preserves formatting in text copied from another source. |
Line Item Type |
Indicates that this is a packaged line item. |
Display Group |
Indicates the display group to which this item belongs. This field is read only. |
Pricing
Function |
Description |
|---|---|
Start Price |
Enter the line item price at which the bidding will start. |
Reference Price |
Enter the price of this line item unit based on current contract or market pricing. Savings information is calculated based on the unit reference price. |
Target Price |
Enter the goal price for the line item that you hope to attain through this auction. |
Bid Improvement |
Minimum: Enter the minimum increment by which a bid can improve the previous bid to be valid. For all auctions except those with factored-cost bidding, you can express the bid improvement as a percentage or in terms of the default auction currency. For factored-cost bidding auctions, this value must be expressed as a price. The minimum bid improvement is used to calculate the next valid bid in an auction. Maximum: Enter the maximum increment by which a bid can improve the previous bid to be valid. This enables you to prevent accidental overbids by the supplier. For all auctions except those with factored-cost bidding, you can express the bid improvement as a percentage or in terms of the default auction currency. For factored-cost bidding auctions, this value must be expressed as a price. If a supplier submits a bid that exceeds the maximum bid improvement, an error message is displayed. This field is not valid for Dutch auctions. |
Image |
Choose an image for the packaged line item. |
Supplier Start Price
Function |
Description |
Table |
Enter a unique start price for one or more bidders here. Enter either supplier specific start prices here, or a start price for all bidders in the Pricing area. |
Sub Line Items
Function |
Description |
|---|---|
Line Item Table |
This table functions the same way as the table on the Line Items tab. Add, edit or delete sub line items for this packaged line item. |
Comment for Collaborators |
Enter any comments to share with auction collaborators. |
Adding or Editing a Packaged Line Item to an Auction
Note
You can only add or edit line items before the auction starts. After the auction opens for bidding, most line item information is not editable.