Positions

In the Positions tab, the products to be auctioned can be specified via structural elements and new positions.

In addition to the usual item details such as quantity, item number, item description and item description, auction-specific details are provided for each item:

• Starting price

• Minimum bid step

• Comparison price

• Target price

• Reserved price (only available in Dutch auction)

The reserved price indicates the maximum price the buyer is willing to pay. If the price is reached but no supplier has bid on the auction position so far, this auction position is closed. If all positions are auctioned or the reserved price is reached for the positions, the auction is closed. The reserved price must be higher than the starting price and also respect the defined minimum bid step. The supplier only sees whether a reserved price is specified per position, but not how high it is.