Create Seller Negotiations

Consider these prerequisites: Seller Negotiations is an opt in feature that you can enable from the Setup and Maintenance work area. Sellers who create and award bids to prospective buyers must have the Category Manager job role.

Prospective bidders must have the Supplier Bidder job role, for more information on job roles see the What's New document. Define sellers as active procurement agents with the same Manage Negotiations access. Access to other agents' documents will remain the same as None, View, or Full.

To create a seller negotiation:

1. In the Negotiations work area, select the Manage Seller Negotiations task.

2. On the Edit Seller Auction: Overview page, provide a title and select a close date.

3. To autoextend the seller auction, select Allow autoextend and provide the details for the triggering period, length of extension, and number of extensions.

4. In the Lines tab, include the items you want to auction. Based on your requirement, set a start price, price increment, reserve price, and allow bids for partial quantities.

5. In the Bidders tab, select the bidders you want to invite for the seller auction.

6. Click Publish.

   Bidders are sent notifications that they can view when the bidders login to the Oracle Supplier Portal. Bidders can acknowledge the receipt of the notifications.

To bid for seller auctions:

1. In the Supplier Portal work area, in Auctions from Seller, click View Active Seller Auctions.

2. On the Active Seller Auctions page, select the auction and then click Create Bid.

   When you're creating a bid, if there are bids from other bidders prior to your bid, then for a line item, the best bid price is available for you to view and plan your bid.

3. Provide your bids for the line items and click Submit.

   You can create multiple bids for a seller negotiation.

4. If you want to revise a bid that you have submitted, in the Manage Seller Auction Bids page, select the bid and then click Revise.

5. Revise the bid, click Save and then click Submit.

To monitor and award seller negotiations:

1. On the Manage Seller Negotiations page, select the seller negotiation you want to monitor by clicking the icon in the Monitor column.

2. On the Monitor Seller Auction page, view the bids, check to see if the reserve price is met. Analyze the overall bid by individual bidders, projected revenue, and bids received for individual line items by various bidders.

   You can pause, extend, or invite additional bidders to the seller negotiation. You can disqualify a bidder.

   Based on your decision, award the seller negotiation by bid to an individual bidder or award the seller negotiation per line item.

3. If you have received satisfactory bids, then in the Monitor Seller Auction page, click Actions > Close and in Close Negotiation, write a note to the bidders and then click Submit.

4. To award a seller auction, in the Seller Auction (negotiation number): Overview page, click Actions > Award Seller Auction. To award by bidder, select the bidder and then click Save. To award by line, in the Lines tab, select line item, include the award quantity for a bidder with the highest bid and then click Save.

5. Click Complete Award and in the warning message click Yes.

   Note: After you complete the award, it can't be undone.

6. In the confirmation message click OK.

7. To notify the bidders about the award decision, click Notify Award Decision.

   When the bidders are notified, they can view the award details.

8. To export an award as a spreadsheet, in the Analyze Seller Auction page, click Export Award and save the spreadsheet.