Process: Submit bids for Dutch auction
Flow
Objective
To submit bids for a Dutch auction.
Description
Dutch auctions do not require bidders to set the initial bid price. Instead, the user creating the auction announces a price and asks if any participants will accept it. Usually, the auction starts with a high bid price that is reduced over time until bidders have cleared the inventory.
Every auction is governed by a set of rules that the bidder must read before participating. If auction rules change during an auction, bidders must reread the rules before submitting or updating bids. Bids submitted prior to a rule change are not affected and may still win the bidding. Shoppers can submit bids.
Winners are determined based upon the parameters in this order:
1. Bid submission time.
2. Bid quantity.
Unlike submitting bids for Open Cry and Sealed Bid auctions, bids submitted for a Dutch Auction change to Order Complete status before the auction is closed. If the bid is already in Order Complete status, withdrawing the Dutch auction will not result in withdrawing that bid.
A customer can submit a new bid but cannot modify or withdraw any existing bid.
Features
- Manage bids. Includes creating bids. Customers cannot modify or withdraw bids from a Dutch Auction once a bid is submitted.
- The interval time for processing Dutch auction bids can be set as the auction administrators want. The default value is 867 seconds. If you do not want set winning bids for Dutch Auctions before the auction closes, you can disable this command in the scheduler.
Customization
- Quick bidding with a default value. Give a default value for payment information and shipping and billing information, and let the bidder only input bid quantity and value.
Edition
Professional, Enterprise, Express
Tasks
| Task | Description | Role |
|---|---|---|
| Assign winning bid(s) |
Winners are determined based upon the auction rules. |
System |
| Create bid |
Create the bid with the specified information such as the bid price, the desired quantity, their willingness to accept a partial quantity and billing, shipping information for the order. |
Registered Customer |
| See all bids |
View the bids submitted by all participants in an auction. |
Registered Customer |
| Update current quantity |
Update the current available quantity on the Dutch auction. |
System |
Business artifacts
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