Understanding Event Types

RFP/RFQ

An RFP/RFQ event is the most basic type of event supported by WhyAbe.com. It is also the most flexible, and the most often used.

An RFP/RFQ event attempts to emulate the most traditional form of sourcing that a buyer conducts, the simple request for information. WhyAbe supports the need, regardless of if that information is in the form of documents, drawings, file attachments, or a straight solicitation for price.

With an RFP/RFQ event, a buyer may solicit an unlimited number of suppliers to participate in the event. The suppliers never know who else is participating, nor do they know if other suppliers have responded to the event with any type of bid. It is a blind process from the supplier's standpoint.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), respond with just a file attachment or series of file attachment(such as a word document, excel templates with pricing, or pdfs), or they may list individual items and ask the supplier to place a bid for each of those items.

Reverse Auction - Lowest Bid

WhyAbe.com supports two primary types of Reverse Auctions.

The first event type is the Reverse Auction - Display Lowest Bid. With this type of reverse auction, Suppliers are invited to bid on an event and can see the current lowest bid amount for the individual line items or the entire project, depending on how the buyer configured the event.

The supplier can never see the name, username, or company name of the other suppliers bidding, the supplier only sees the current lowest bid price. Suppliers cannot see how many other bidders are participating in the event.

The lowest bid price is not displayed to the supplier until after they have placed their first bid for that event (entire project) or their first bid on a line item.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), or they may list individual items and ask the supplier to place a bid for each of those items.

Reverse Auction - Supplier Rank

WhyAbe.com supports two primary types of Reverse Auctions.

The second event type is the Reverse Auction - Display Supplier Rank. With this type of reverse auction, Suppliers are invited to bid on an event and can see where their bid ranks with respect to other current active bids placed on the same event or line item.

The supplier can never see the name, username, or company name of the other suppliers bidding, the supplier only sees their current rank in relation to the other bids that have been placed. Suppliers cannot see how many other bidders are participating in the event.

The supplier rank is not displayed to the supplier until after they have placed their first bid for that event (entire project) or their first bid on a line item.

If the buyer creates a Reverse Auction - Supplier Rank, and activates Bid Decrementing, the suppliers may also see what the current lowest bid price is (in addition to their rank). This is a necessary feature, in that the supplier needs to be guided into what the next acceptable bid amount shall be, since the buyer is forcing each bid to be lower by a certain percentage than the last. This information is only displayed on the bid pages, not within the actual event screen itself.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), or they may list individual items and ask the supplier to place a bid for each of those items.

Tender Opener/Sealed Bid - Sealed Bid

WhyAbe supports three different types of Blind Reverse Auctions (also called Tender Openers).

The first type of event "Sealed Bid" is the most easy to understand. A sealed bid event is completely blind. Meaning a buyer creates the event and solicits suppliers to respond. While the event is live (Active) suppliers may respond with their bids, however buyers cannot see those bids, nor can they see if anyone has even placed a bid. Similarly, suppliers receive acknowledgement that their bid was accepted by the system, but they do not know if any other suppliers have participated in the event or placed a bid.

Once the event is closed (completed), the buyer is then able to see all bids and responses as well as the names of those users and the companies that they represent that placed the bids.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), or they may list individual items and ask the supplier to place a bid for each of those items.

Tender Opener/Sealed Bid - No Bids, No Names

WhyAbe supports three different types of Blind Reverse Auctions (also called Tender Openers).

The second type of event is "Do Not Show Bids or Names". This type of event is a regular reverse auction to suppliers, yet blind to the buyer, with one small exception. They will be able to see if a bid or multiple bids have been placed, they will just not have any knowledge as to who placed the bid or how much the bid was. The system will simple state whether a not a bid, or bids have been placed, with no further information supplied during the live event.

A buyer creates the event and solicits suppliers to respond. The event runs like any other type of reverse auction. While the event is live (Active) suppliers may respond with their bids, and will see where they rank with respect to the other bids or what the current lowest bid amount is (depending on how the buyer configured the event).

Once the event is closed (completed), the buyer is then able to see all bids and responses as well as the names of those users and the companies that they represent that placed the bids.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), or they may list individual items and ask the supplier to place a bid for each of those items.

Tender Opener/Sealed Bid - No Names

WhyAbe supports three different types of Blind Reverse Auctions (also called Tender Openers).

The third type of event is "Do Not Show Supplier Names". This type of event is a regular reverse auction to suppliers, yet the supplier names are blind to the buyer. Buyers will be able to see all active bids being placed, they cannot however, see who is placing the bids.

A buyer creates the event and solicits suppliers to respond. The event runs like any other type of reverse auction. While the event is live (Active) suppliers may respond with their bids, and will see where they rank with respect to the other bids or what the current lowest bid amount is (depending on how the buyer configured the event).

Once the event is closed (completed), the buyer is then able to see all bids, responses as well as the names of those suppliers that placed the bids.

A buyer can configure the event to allow suppliers to respond with a price for the entire listing (called "Bid Entire Project"), or they may list individual items and ask the supplier to place a bid for each of those items.