Bid Rankings

PeopleSoft Strategic Sourcing ranks individual bids for auction events and provides the option to enable bidders to view their ranked bids. Bidders can see where their best-posted bids rank compared to the best bids from other bidders. For example, a bidder can view his or her bid ranking as fourth out of all the bids received. Whenever a new bid is posted, the system recalculates the rank.

Bidders can also view how many suppliers have bid at least once on an auction. A bidder can see that his or her best bid ranks fourth out of nine, thus indicating to the bidder that nine bidders have bid on the event thus far. In cases where bidders may view the bid history for an event, the system displays the rank on the bid history versus the price or score. Event creators can use ranking in situations where they don't want to reveal what the leading bid price is, but still must convey to the bidder where the bidder stands in the bidding process.

Note:

Proxy-enabled auction events cannot be ranked.