e-bidding (Logistic Department)

e-bidding

e-bidding as the name suggests is nothing but electronic medium. It means the process of bidding and auction. It is done through the modern techniques what we call it as Online.
The process of e-bidding can be summarized as follows-
Each and every dept. in a particular industry has diff. e-bidding process. Out of these we will see e-bidding process in Logistic Dept.
Zone Wise- Zone wise quotations for transportation of various finished products to respective zones and its destinations are invited.
The diff. Industry has diff. destinations in South, North, East, West zones according to that they appoint agent and through that they deliver their product.
The classification of the quotation is done on the basis of lowest rate given by various transporters for particular destination in a zone.
Avg. Cost is calculated on the basis of quantity of material which is transported previously for a particular destination.
Various transporter are registered as bidder to participate in online Reverse Auction.
Bidders are provided with the user name and password to participate in online Auction process fixed on a day decided with flexibility.
When auction starts bidders are asked for bidding below offset value.
Time is fixed for the process say One Hrs. Or Two Hrs.
There is a decremental value which is decided by that company only.
Within the time frame whatever be the value which is lower than offset value is finalized.
If the bid is entered by the bidder in last 3 or 4 min. then the auction process is also postponed by the 3 to 4 min.
And after that the contract is given to the bidder selected for a period specified in
Agreement.
As per the terms and condition the bidder agreement is signed by both parties.