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Topic: Procurement auction

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	Ron Harstad - When to Buy via Auctions (Site not responding. Last check: 2007-10-14)
		Procurement via auction has shown up recently in a wide variety of forms in a wide variety of goods and services being procured.
		Some have been successful; others backed away from such extensive reliance on web auctions for procurement within six months to a year after starting; I believe misdesign of the aucitons or the website was the principal reason; game-theoretic issues arise that are not easily handled when this is viewed simply as an IT task.
		It is possible, with care and attention to detail, to design procurement auctions that lead to a high probability of a mutually profitable long-term relationship with a supplier, and yet face that supplier with regular price competition, providing incentives for cost control, for contractual flexibility, and for alternative suppliers to offer competition.
	www.missouri.edu /~harstadr/auc2procure.htm (821 words)

	[No title]
		Today managers are increasingly applying procurement auctions to expand the purchase of direct materials, thereby transforming the traditional buyer-supplier negotiation process and relationships.
		But seizing the value of auctions requires careful participation and design of the procurement auction process that is mindful of both the short term and long term buyer and supplier objectives.
		There are many auction design choices that can vary from the type of auction to the duration of the auction, the bid increment, the starting price, the information revealed to other bidders and anonymity of participants, the stopping rules that determine the end of the auction, the requirements of the buyer etc.
	www.glscs.com /archives/2.01.Auctions.htm?adcode=10 (1113 words)

	Procurement Auctions in E-Commerce Southern Business Review - Find Articles
		Until recently, auction theory, which is a subfield of economics, has restricted attention to the auctioning of a single, indivisible unit.
		Auction participants are governed by a set of rules for making and processing bids and determining the transaction price or prices for the buyers and sellers.
		The second-price sealed-bid auction, or Vickery auction, requires each bidder to independently submit a single bid without seeing the others' bids; the object is sold to the bidder who makes the highest bid at the price bid by the second highest bidder (Klemperer, 1999).
	www.findarticles.com /p/articles/mi_qa3972/is_200310/ai_n9287774 (1033 words)

	Reverse Auction e-Procurement: A Suppliers Viewpoint
		The auction event was analysed from the supplier organisation viewpoint with particular emphasis on the participants and outcomes of the event.
		The auction event was an Australia wide procurement exercise focussing on logistics and transport.
		The auction was delayed a week and with a late flurry of updates and clarifications AusSupplier waited until 10.33 to press the bid accept button.
	ausweb.scu.edu.au /aw02/papers/refereed/stein/paper.html (4170 words)

	Reverse auction - Wikipedia, the free encyclopedia
		It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward.
		Reverse auction is a tool used by many purchasing and supply management organizations for spend management, as part of strategic sourcing and overall all supply management activities.
		Reverse auctions are used to fill both large and small value contracts for public and private commercial organizations.
	en.wikipedia.org /wiki/Reverse_auction (1427 words)

	GuideStar - News - Articles - What to Keep in Mind When Considering a Charity Auction (Site not responding. Last check: 2007-10-14)
		Organizations from local schools to national nonprofits are utilizing auctions to raise needed funds and fill the gap left by shrinking budgets and dwindling funding sources.
		While auctions can raise literally thousands of dollars in just a few hours, there are a variety of costs associated with running an event.
		Procurement is perhaps the most important—the success of an auction depends on the value and demand for items up for bid.
	www.guidestar.org /news/features/auctions.jsp (890 words)

	SFB 504 glossary: Auction
		Auctions are models of 'thin markets', making precise the sense in which markets 'find prices' that can 'reveal' an underlying economic value.
		Common value auction: Instead of having statstically independent information, the bidders' typically obtain private signals about an unknown common value of the resource in sale which are correlated with the underlying (unknown) common value, and correlated with one another.
		In particular, the equilibrium bids must incoporate the fact that given a bidder wins the auction, all rivalling bids will have been lower, and thus the (unknown) common value on average will assessed to be lower than it would have been estimated without having won the auction.
	www.sfb504.uni-mannheim.de /glossary/auction.htm (1107 words)

	We analyze the Bayesian equilibrium bidding and bribing strategies in the first-price, sealed-bid procurement auction ... (Site not responding. Last check: 2007-10-14)
		We analyze the Bayesian equilibrium bidding and bribing strategies in the first-price, sealed-bid procurement auction with a two-dimensional bid and a two-dimensional type, with the presence of a corruption, and the agent is a strategic agent.
		In this scoring auction, the auction is inefficient if efficiency of the bidders depend non-trivially on both the cost and the quality.
		Without the presence of a corruption, the auction is efficient and with the presence of a corruption, the auction is inefficient.
	www.econ.brown.edu.cob-web.org:8888 /students/Georgy_Artemov/TheoryLunch\maria.htm (342 words)

	TMU Group \| e-Business (Site not responding. Last check: 2007-10-14)
		The procurement auction is a low threshold possibility to make procurement contribute to your profitability.
		However, not every procurement of products or services can be executed through an auction.
		Procurement is not a matter of who bids more, but who bids less.
	www.procurementpartners.nl /UK/e_biz_veiling.html (161 words)

	Auction Software
		E purchasing chain procurement software enables purchasing departments to take advantage of this trend and dramatically reduce acquisition costs for goods, services and raw materials.
		Since 1999, the MVI Solutions technology team has been at the forefront of dynamic e-commerce, procurement software, auction software and e-business application development, focused on solutions that are powerful, flexible, scaleable, robust, 100% customizable, extremely cost-effective and capable of rapid deployment.
		Reverse Auction Module - Enables you to engage a group of suppliers in a "bidding war" to get your business, thus ensuring you are able to purchase at the lowest possible price.
	www.mediavue.net /forms/auctionsoftware.php.htm (711 words)

	Procurement - Wikipedia, the free encyclopedia
		Direct procurement, which is the focus in supply chain management, directly affects the production process of manufacturing firms.
		In order to achieve greater economies of scale an organization’s procurement functions may be joined up into shared services.
		Procure IQ - News and commentary on strategic sourcing and supply chain management.
	en.wikipedia.org /wiki/Procurement (980 words)

	Auction - King's Schools (Site not responding. Last check: 2007-10-14)
		The annual King's auction is a fundraiser undertaken by the parent community in support of the school.
		The auction is an event organized by the parent community in coordination with school administration.
		While the auction chairs do much of the basic planning and foundational work, it is the work of numerous parents that is essential in making this massive undertaking a success.
	www.kingsschools.org /auction/default.asp (829 words)

	Reverse Auction Software Features
		Unlike traditional auctions, the winner is not chosen based solely on the amount of their bid, so the highest or the lowest bidder does not automatically get to claim a victory.
		A third feature of reverse auction software is that is allows the procurement managers to set parameters that will help them more efficiently manage the bidding.
		Also, reverse auction software makes it easier for businesses to narrow down vendors and bids based on price, delivery time, and other criteria so choosing a bid doesn't have to be as difficult as it once was.
	www.epiqtech.com /reverse_auctions-Software-Features.htm (704 words)

	B-295463, MTB Group, Inc., February 23, 2005
		During the auction, the website will display the property to be inspected, the current lowest quotation, and the time remaining in the auction.
		First, as a general matter, while the FAR does not expressly recognize reverse auctions as a permissible procurement vehicle for goods and services, neither does it expressly prohibit the government from using auctions, and FAR 1.102(d) provides that a procurement procedure is permissible where not specifically prohibited.
		This provision requires procuring agencies to use simplified acquisition procedures to the maximum extent practicable for acquisitions that will not exceed the simplified acquisition threshold (generally100,000) or the micropurchase threshold (generally $2,500).
	www.gao.gov /decisions/bidpro/295463.htm (1423 words)

	DoveBid - Rio Tinto Procurement Auction Details
		By participating in this auction, you consent to be bound by these Terms and Conditions as well as by any additional terms that may be imposed by the seller or announced at the auction.
		All assets in the auction shall be sold to the highest bidder; provided, however, that some assets may be auctioned with minimum reserve prices, and/or subject to seller's right of confirmation.
		Every person enters the auction site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises.
	www.dovebid.com /Auctions/AuctionDetail.asp?auctionID=10854 (2358 words)

	Using the Reverse Auction Procurement Method to Save Millions (Site not responding. Last check: 2007-10-14)
		A reverse auction procurement methodology is an electronic based process whereby vendors bid and then re-bid until the lowest price is reached.
		The reverse auction process is a competitive strategy being deployed by many procurement organizations as an advanced procurement tool allowing purchasing staff to shift from administering the procurement process to managing tools that automate many steps in the manually intensive sourcing process.
		Reverse auctions should be a component of any well developed procurement sourcing strategy.
	cpr.ca.gov /report/cprrpt/issrec/stops/proc/so77.htm (1033 words)

	Texas Procurement Center
		The On-Line Surplus Auction platform is an asset disposition tool, which operates much like a traditional auction, enabling Public Sector sellers to showcase their surplus equipment and other mostly obsolete assets.
		The same due diligence that you use on all of the jurisdictions procurements should be employed with on-line solicitations.
		Frequently, these Reverse Auctions are extended if there is a bid received within the last five (5) minutes of the Reverse Auction.
	www.click2tpc.com /faqs.asp (2594 words)

	STARS Auction Procurement
		Please feel free to use our general procurement letter to give to businesses when you are asking them for a donation.
		The Procurement Committee has thought of all of that and is here to make it easy for you.
		Procuring can be done with very little time.
	www.echs.bellevue.wa.us /eastcatholic.aspx?pgID=1179 (473 words)

	The Little School Auction, March 12, 2005 at Glendale Country Club
		The auction also features a fund-an-item for financial aid, a significant resource in raising funds for the school’s financial aid program, and a faculty wish list, granting faculty requests for special equipment or experiences to enrich their classrooms.
		Every current family is asked to procure (contribute) two items for sale in the auction — either items they donate personally or donations they solicit from businesses in the community.
		The auction is a very inclusive, community event, so whether you come prepared to bid, or simply to share an evening with friends, all Little School community members are welcome.
	www.thelittleschool.org /auction.html (283 words)

	Miami-Dade County - Procurement
		She is responsible for executive management and operations of a professional, centralized purchasing department responsible for the procurement of goods and services for all of Miami-Dade County government.
		Under her leadership, the Department of Procurement Management has been recognized as a recipient of the National Purchasing Institute’s Achievement of Excellence in Procurement Award for the past two years.
		Third, the speed and effectiveness of the procurement process was positively received by the vendor community.
	www.co.miami-dade.fl.us /dpm (567 words)

	Silanta Technologies - Business Solution
		Plus, unlike other online e-commerce packages, Silantas' Web-based procurement approach is easy to use and doesn't require suppliers to purchase software or pay a connection fee in order to bid.
		Our Full Circle Procurement solution also offers buyers "total cost functionality." This allows buyers to make purchase decisions based, not only on price, but also on multiple criteria such as quality, delivery time, and customer service.
		Buyers are now able to compare competing bids online in real time and select a supplier based on a mix of priorities, that when combined, determine their total cost.
	www.silanta.com /products_procurement.html (372 words)

	Bright Water Waldorf School Seattle, Washington WA Annual Dinner Auction (Site not responding. Last check: 2007-10-14)
		Download and print the auction procurement and auction advertisement form, and letter to prospective donors.
		Procurement Form and Advertisement Form (pdf file) » Use this form to donate an item to the auction or to purchase an ad in our auction catalog.
		Please contact us at auction@brightwaterschool.org or (206) 624-6176 if you would like information about attending our auction or if you have any questions.
	www.brightwaterschool.org /auction/forms.htm (151 words)

	Stanford Business Magazine May 2006
		Buyers for some major corporations may be able to shave time and substantial costs from purchasing goods and services simply by employing procurement auctions wisely, says Tunay Tunca, assistant professor of operations, information, and technology.
		While optimal procurement auction structures have long existed in theoretical economics literature, they generally involve such complex implementations that most companies justifiably simply ignore them and instead utilize a simple and often familiar “reverse” auction process, in which a select group of suppliers bids competitively for an order posted by the buyer.
		In this case, says Tunca, buyers are better off instituting a two-stage process, in which they hold an initial auction to identify the lowest bidders, but then add an additional contracting stage to negotiate further with those bidders.
	www.gsb.stanford.edu /news/bmag/sbsm0605/knowledge_auctions.html (451 words)

	STARS Auction Volunteering
		If you are interested in any of these opportunities, contact Auction and Volunteer Coordinator Kristen Bagley by phone at (425) 283-1224 or by e-mail.
		The Decoration Committee is responsible for coordinating the decorations for the event space, the silent and live auction tables and the centerpieces on the dinner tables.
		Live Auction Display Committee The Live Auction Procurement Committee will work with the Live Auction Display Committee to create an eye-catching way to market the packages at the auction.
	www.echs.bellevue.wa.us /eastcatholic.aspx?pgID=1177 (610 words)

	Purchasing Software, Procurement Solutions, Self-Service Procurement Solutions
		Whether browsing a catalog, awarding a proposal or participating in a reverse auction, traditional procurement systems fail to address the challenge of selecting the optimal solution in a best value sourcing situation.
		Every purchase is optimized by capturing the experts' knowledge by TSA's bid evaluation solution, and sharing it across the organization, thus raising the decision making ability level of the entire organization to that of the expert.
		In addition, TSA's Bid Evaluation Service supercharges traditional procurement systems by integrating the ability to compare products or portfolios that are not necessarily identical.
	www.puridiom.com /procurement/services/bid_evaluations/index.html (288 words)

	Procurement Auction - Game Theory .net
		The auction provides a specific set of rules that will govern the purchase to the submitter of the lowest bid.
		The specific mechanisms of the auction include first and second price auctions, and English and and Dutch auctions.
		Procurement auctions are often used by the government (for example, among defense contractors).
	www.gametheory.net /Dictionary/Auctions/ProcurementAuction.html (104 words)

	[No title]
		Begin Procuring items 1 month prior to the event Promote the SHRM Foundation at a chapter meeting and/or in the chapter newsletter Many members are not aware of what the SHRM Foundation does for the HR profession.
		The primary qualifications for the Auction Chair are a willingness to serve and the ability to lead.
		Procurement Team The procurement team is a group of individuals who will be tasked with soliciting contributions to the auction.
	www.shrm.org /foundation/SilentAuctionGuide.doc (2969 words)

	Northwest Benefit Auctions
		Northwest Benefit Auctions to take the stress out of their live and silent auction process.
		Provide you with an auctioneer who will engage your guests and encourage them to be generous.
		Train and monitor your auction volunteers the night of the event.
	www.auctionhelp.com (540 words)

	Online Procurement System - RFQ Engine, Auction, B2B Portal for Construction Industry, Procurement Solution : eBiz ...
		From the experiences of the promoting company, Buildbazaar realized that carrying out the procurement process on the Internet with all the suppliers logged in, the procuring company and the suppliers would derive a lot of benefits in terms of time and money.
		The portal had to be a comprehensive one which could replace the existing procurement systems in construction companies.
		The normal procurement process would be extended to include Reverse Auctions where a buyer can invite some of the suppliers, who quoted, for a Reverse auction.
	www.ebizmarketserver.com /ebizmarket/portfolio/buildbazaar.asp (1027 words)

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