Blind Seal Bid - If checked, the default bid type is Blind Sealed Bid when creating a sealed Bid, which can also be changed when creating a RFX.Bidders must attach Pre-bid document before submit bids - If checked, by default the bidder is required to upload the attachment before bidding. This can also be changed when the RFX is created.
Power Bid - The Power Bid function means that during the reverse auction, the supplier can set a discount percentage. By clicking the calculation button, the next bid amount will be calculated based on the discount percentage. The bidder can then click submit without the need to manually input the new bidding price. If this function is checked, this feature is enabled for all bidders.
Practice Event - In order to avoid errors when running an important sourcing project, we recommend the buyer to arrange a practice event for the supplier to familiarize the platform operation. When the Practice Event function is enabled, an empty practice RFX will be created automatically when creating the official RFX. The practice RFX is associated with the official RFX. After configuring the official RFX, click “Copy to practice RFX”, then the content of the official RFX except timing and attachments is copied to the practice RFX and thus saving buyers time.
Sealed Bid (Formula Bidding) - If checked, the buyer can select the Formula Bidding template when creating a RFX.
Sealed Bid (Mega-Items) - If checked, the buyer can select Mega-Items Sealed Bid template when creating a RFX.
Sealed Bid (Multivariable) - If checked, the buyer can select Multivariable Sealed Bid template when creating a RFX.
Reverse Auction (Scoring) - If checked, the buyer can select Scoring Auction template when creating a RFX.
Auto-populate Ref. Price - If the item has no historical price or reference price, the system automatically uses the bidder's first bid as the reference price to calculate the savings.
Disable Bid Visibility - if launched, the reverse auction created by the buyer user will be default to show Rank only and cannot be changed.
Disable Functions in Control Center - If checked, the buyer user cannot use the Reopen, Proxy Bid, Delete Bid functions. Only the Administrator can use these functions.
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2. What is Viewer Account and what is it used for?
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3. Pipeline tracking and management
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5. How to register a Supplier Account?
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