Proxy Bid Process in Oracle Apps Sourcing (step by step)

1) Create Auction and Publish

2) Bid submission by Supplier A:

 As this is open auction the Supplier has to find the Negotiation by negotiation number.

3) Select and press respond button

 Go to lines section

 Proxy Bid decrement is displayed as 20 as we have specified the same in control section of our RFQ.

Provide your Bid price:

Press continue button and submit the bid.

Bid Submission by sending supplier: supplier B

 Search for the auction number.

 Select and press respond button.

Go to lines tab and you will see that this time “best price” is visible (the price submitted by first supplier)

When supplier B go for “monitor bid” he can see the difference in his submitted price and  best price of the quote:

 Now if supplier C submits the bid:

Search for negotiation:

Select and press respond button;

Go to line section.

Here in above screenshot we can see the best price:

We have tried to submit the bid with minute difference and we have kept the proxy minimum with slight difference of 2 or 3.

We received error message that:

Proxy Minimum must be less than Bid Price by an amount that is equal to or greater than the Proxy Bid Decrement for line 1.

 Now if we try to reduce the value in “Proxy Bid Decrement” and press continue then we get the following error:

Proxy Bid Decrement should be greater than or equal to minimum decrement set by the auctioneer

We have modified the bid values as per above error messages:

 Submit the bid

Select the monitor auction link

You will see that the price mentioned by you(Supplier C) is the best price:

 If some other supplier tried to submit the bid with price let’s say “60” and “140” without the Proxy bid values :

 And submits the bid

 Go to monitor auction link:

 You will realize that the Proxy bid feature has been initiated and the best bids has been revised to the values that of supplier C as he has given the proxy bid values that is lower than bid value of supplier D

When Buyer verifies the bid status via “View bid history”:

He will find that some of bidders have submitted the bid twice, having active and archived status (these bids could be submitted by supplier of it has been appearing again due to the proxy bid functionality)

Advance Pricing: Item Not visible in Price List LOV

Verify Following Profile options:

QP: Item Validation Organization  ----> Set this correctly at site or responsibility level


QP: Pricing Transaction Entity ---> Set this correctly at "Application" Level