REVERSE BIDDING

Modified on Fri, 15 May at 11:43 AM

REVERSE BIDDING


User will be able to track live bidding from this screen. User can at any time adjust the bid duration by observing the bidding pattern being followed by the vendor .As shown ,bid duration can be increased ,decreased or stopped by the user depending on total savings achieved during bidding to get best price.


Total saving = least price vendor quotation - least price during bidding



60 sec +: Add time during negotiation if there is more competition between vendors 60 sec - : Reduce time if savings is achieved or no competition during negotiation Stop bids: Stop negotiation when prices received are no more negotiable

 



Refresh: refresh the page in case of network issue. It would refresh all the pages of the Vendors including User screen

Highlighter: During the bidding process the vendor who makes the latest bid would be marked in GREEN color to help user quickly identity the last action performed by vendors

Bid Price: During the bidding process, user can review the running bid prices of the vendors to understanding the price reduction pattern to strategize the negotiation more effectively.


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