How it works?
British auctions are the advanced variants of the reversed auctions. Suppliers see their item-based rankings instead of the lowest price information.
Suppliers cannot see the information of other bids. Only their own bids are visible to them.
Suppliers see their rankings live on an item basis. In this way, they can give a revised bid by knowing in which item they are behind.
Automatic Time Extension
Automatic Time Extension occurs if the bid ranking changes below a time limit set by the buyer. This way, sustainability in the competition environment is achieved.
The Auction starts automatically when the start date arrives.
You can present the items with a list price to your suppliers. Bids over the list price get marked red as a warning on the supplier's screen. However, such bids cannot be blocked.
Item-Based Delivery Date
Allows suppliers to specify a delivery date on an item basis at the time of bidding. In this way, you can also consider the delivery dates, not just prices, when comparing your suppliers.
Bid Increase Limitation
You can prevent suppliers from increasing their current bids.