CobbleStone Documentation Wiki Welcome Guest: 4/23/2024 7:03:11 AM
 
View for Version
 
 
Contract Insight Version:
select
Version Released On:
Friday, October 8, 2021
 
   
 
Search
 
 

search text
Search 
 
   
 
Navigation
 
 
 
   
18. Dutch Auctions   
Page last modified on Monday, April 12, 2021 4:45 PM (by Adam Widmeier) (initially created on Monday, August 3, 2020 3:02 PM)
Assigned to: Solicitations
  Generate Manual Print View
 
Page Content
 
 

Solicitations: Product Service Codes

Dutch auctions are a solicitation record that is conducted in a reverse bidding process. Whereas a normal bidding process has numerous vendors competing for the lowest (or most qualified) price that a company must purchase a service from, a Dutch auction sees a price set by the company, that gradually decreases over time until a vendor places a bid. At this point, the price-decrease process stops, and the company reviews the vendors bid, and accept or reject it.

Setting up Dutch Auction Types

Out of the box, a solicitation type named Dutch Auction is present. Use that or create/modify your own type to operate as a Dutch auction.

 

Establishing a solicitation record type involves editing an existing type.

1. Navigate to Manage/Setup - Record Types.

 

2. Locate the desired solicitation type. To ensure you are selecting a solicitation type, in the ForArea column, look for tblSolicitations.

 

 

3. Click View for the desired line item.

4. Edit the Is Dutch Auction field. To make the type a Dutch auction, set the field to Yes.

 

Alternatively, create a new solicitation type as a Dutch Auction.

1. Navigate to Manage/Setup - Record Types.

 

2. On the side menu, click Add Record Type.

 

3. The Add New Types screen displays. Enter a name for the new type.

 

4. For the ForArea field, select Solicitation Details.

5. Mark the Is Dutch Auction tick box.

6. Click Save & Continue.

 

Setting up Dutch Auction Fields

1. Navigate to Manage/Setup - Field Manager - Manage/Assign Fields by Record Type.

2. Select Solicitations and the applicable type.


Note: If the type  is new, the message appearing above - no fields assigned; this means all fields will show - displays. If, however, working with an existing type, fields may already be assigned.


3. Add the needed fields per the Assign Fields by Contract Type wiki entry - found here.

Creating a Solicitation/eSourcing Record for Dutch Auction

1. Navigate to eSourcing - Add Solicitation Record.

 

2. The Add New Sourcing Record page displays. Select the applicable type designed as a Dutch auction.

 

3. Click Continue.

 

4. Add the eSourcing record as usual but paying special attention to the area specifically for Dutch Auction Setting field group. It contains four (4) important fields.

(image)

 

A. Starting Price:

B. Ending Price

C. Price Decrease Amount

D. Price Decrease Interval:

 
   
 
Related Wiki Video Tutorials
 
 
 
   
 
Files & Attachments
 
  
   
 
CobbleStone Software |  Contract Insight Wiki |  version: 17.1.1.171020
CobbleStone Software is developed in the U.S.A.