Alternate Unit of Measure Conversion
Event creators can indicate whether alternate units of measure are allowed on a buy event. The event creator can specify whether bidders can bid using any alternate unit of measure or only existing item and unit of measure relationships. If allowed, bidders can select a different unit of measure when bidding on a line. All line price and quantity details are converted to the bidder's selected unit of measure based on the specified conversion rate. During analysis, the bid prices are reflected based on the line item's unit of measure.
For example, the event creator may need to purchase 10,000 pens with a start (worst) price of $1.00 each. The event creator uses a unit of measure of each, but allows bidders to bid in any alternate unit of measure. The first bidder may select to bid in boxes, and therefore can specify that each box contains 50 pens. Therefore, this bidder would bid 200 boxes to equal 10,000 pens. The start (worst) price is updated based on the conversion rate of 50 pens to 1 box; therefore, the maximum price that the bidder can bid is $50 per box (50 pens per box × $1 per pen). The second bidder could select to bid in cases, and can specify that each case contains 500 pens. Therefore, this bidder bids 20 cases to equal 10,000 pens. The start (worst) price when bidding in cases is $500 (500 pens per case × $1 per pen). When the analyzer reviews all of the bids, the bid prices appear based on the line unit of measure of each.
The option to allow alternate units of measure is specified at the line level. Users can use the Line Defaults page to set the option for all lines on an event. If the event creator selected to allow only alternate units of measure based on existing item and unit of measure relationships, the conversion rate is automatically supplied for the bidder, based on the conversion rate specified on the item and unit of measure relationship. If any unit of measure is allowed, bidders must provide the unit of measure conversion rate for the specific line item.
Note:
You can use this functionality on RFx buy events only.