Bid Movement by Line Item Report

This report shows the total bid movement of a line item during an auction event to show how a line item's savings evolved. Detail by supplier shows how aggressive each bidder was in moving from their starting bid to their best bid relative to other suppliers. Potential savings against current price are also calculated.

Note Note

You must enter a current price for line items during auction setup to calculate savings.

End of the note.

This report is generated for the selected auction and can be run during any phase of the auction.

Auction Summary

This section displays information about the auction event setup parameters.

Field	Description
Preview Start	Date on which this auction is visible to suppliers.
Pre-bid Start	Date and time when suppliers can enter pre-bids before the auction bidding begins.
Bidding Start	Date and time when the auction bidding phase opens.
Bidding End	Date and time when the auction bidding phase closes based on the earliest line item close time. If Automatic Early Close is enabled, the auction may close later than the displayed time.
Automatic Early Close	Identifies whether the auction can close after the line item minimum bid duration if no bids are entered during the inactivity interval.
Inactivity Period (minutes)	The inactivity period is a period of time preceding the current line item close time when a lack of bid activity will result in the close of line item's bidding phase at the current line item close time.
Extension (minutes)	If any bids are received during the inactivity period, the bidding will continue for the defined extension.
Staggered Line Items	Identifies whether this auction allows line items to start and/or end at different times.

Bid Detail

This section provides bid movement information for each line item.

Field	Description
Line Item	Line item sequence number
Current Price	Price of this line item based on current contract or market pricing.
Bidder	Supplier company name of bidder
Rank	Relative supplier rank for a line item.
Number of Bids	Number of bids submitted by bidder for this line item.
Bid Quantity	Quantity bid by supplier. This is the same as the requested quantity, except in partial quantity auctions.
Starting Bid	Initial bid placed by bidder for this line item.
Best Bid	The last bid placed by bidder for this line item.
Bid Movement	The difference or movement from starting bid to best bid. [Starting bid - Best Bid]
Percentage of Bid Movement	Percentage movement from starting bid (Bid Movement/Starting Price) * 100
Savings Amount	Amount of savings over the current price. [(Current Price - Best Bid) * Requested Quantity]
Line Item Average	Average Percent Bid Movement: The sum of Percent of Bid Movements for all bidders/number of bidders on this line item
Line Item Highest	Highest Percentage of Bid Movement: Bid movement with the highest value for this line item
Line Item Lowest	Lowest Percentage of Bid Movement: Bid movement with the lowest value for this line item

Auction Totals

This section provides a summary of the savings for all line items in the auction based on the best bid per line item.

Field	Description
Current Price Total	The sum of current price amount for each line item: The sum of (Current Price * Requested Quantity for each line item)
Best Bid Total	The sum of the best bid amount for each line item: The sum of (Best Bid price * Requested Quantity for each line item)
Savings Amount	Total savings for all line items in auction: (Current Price Total - Best Bid Total)
Savings Percentage	Percentage savings over the current price for all line items. (Best Bid Total / Current Price Total) * 100