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e-Auctioning & e-Tendering

The e-Auction sales process is a structured methodology used in procurement to facilitate the buying and selling of goods and services through an electronic auction platform.
This process enhances transparency, competitiveness, and efficiency in procurement activities.

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e-Auctioning & e-Tendering

e-Auction Sales Process

  • Define Sale Dates for e-Auction
  • Define EMD Rules for Sales Process
  • Add Products for Sale
  • Define Tentative Sales Duration
  • Generate Auction Booklet
  • Publish Products for Sale

Vendor Management

  • Vendor Selection
  • Vendor onboarding by collecting and verifying necessary documents
  • EMD and Participation fee payment by Vendors.
  • Vendors Bidding option
  • Vendor Wise Bid History

e-Auction Vendor Participation

  • instant bidding By Vendors As per business rule
  • Vendors place bids in real-time
  • Venders Can Adjust their bids according to their Competitors Bid.
  • View Published Products for e-Auction Sale
  • Online Participation in Sales Process
  • Pay EMD Online
  • Pay Auction Participation Fee Online
  • Instant Auto Declaration of Winner after e-Auction Time is over
  • View Auction Sales Result
  • Pay Balance Sale Value after qualifying Auction as per Sales Policy

Publication of e-Auction sales reult

  • Completion of the Auction
  • Evaluation of Bids
  • Results can be published through official website
  • Emails to all participating vendors.
  • Instant Mail and Message to vendors and management of instances.

Issue Confirmation Order

  • Issue Confirmation Order and Work-Order to qualified vendors against their qualified products.
  • Receipt of Payments from Vendors against the sold products
  • Billing of Products
  • Gate Pass

Reports

  • Auction Schedule Report
  • Bidder Registration Report
  • lots availability Reports
  • Bid Submission Report
  • Confirmation Order Report
  • Division Wise Total number of bids received.
  • Division Wise accepted and held up lots
  • Winning Bids Report
  • Payment and Delivery Reports

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