Understanding Event Awards

Once you have analyzed bids and selected the best bid, PeopleSoft Strategic Sourcing enables you to award the winning bid. This diagram illustrates the process flow for a buy event from determining the winner to creating a purchase order or contract:

Process flow for a buy event, from determining the winner to creating a purchase order or contract

Awarding buy sourcing events process flow

To award buy events:

  1. The buyer determines the winner and finalizes the award.

  2. The buyer determines whether the award results in a contract or a purchase order if awarding a buy event.

  3. The system creates a purchase order or a contract.

  4. The system informs the winning and outbid bidders.