E-Procurement Tools

Dembosky, A. (2012). Ebay moves beyond its dotcom roots. Available:http://www.ft.com/cms/s/0/df3723ca-1773-11e2-8cbe-00144feabdc0.html#axzz2EbzDqb5Y. Last accessed 10th Dec 2012

This paper will explore how Sealed Bidding and Competitive proposals compare against each other. In order to compare them one must understand how, when and why each topic is used. The primary source of federal procurement information and guidance is the Federal Acquisition Regulation, which consists of Parts 1-53 of Title 48 of the Code of Federal Regulations (CFR). FAR parts 14 and 15 explains in full detail Sealed Bidding and Competitive Proposals. This paper like the federal government will rely heavily on the FAR as a source document to help explain the details of this topic.

This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified. Furthermore, the various contract types will be explained. A source criterion that would be applicable to any project will be described and three criteria that would apply to most projects will be identified. An analysis of the ethical

Taking the advantage of the new opportunity available through e-business technology, let us analyze the e-Procurement system as a tool to interface with the existing BAL legacy information system.

Although competitive bidding will continue to be used, especially in the public sector, to ascertain market prices for non-strategic items, many of these items will be outsourced to third-party buyers or consortia to conduct the bidding. Moreover, organizations will continue to purchase most non-strategic products and services under master contracts, some of which will be negotiated by consortia that have leveraged and buying expertise. A trend is expanding for the continued use of third-party purchasing by primarily private sector firms pursuing all forms of competitive advantage possibilities.

Procurement by public entities is guided by primary law principles of transparency, equal treatment and non-discrimination, procurement laws sets up an extensive legal framework regarding the procurement of work, supply and service contracts. There are two main reasons for the use of specific procedures i.e. why contracting authorities do not just negotiate or simply buy from the closest supplier. First, it provides for more public accountability and therefore less cases of corruption practices. Additionally, tendering procedures aim to ensure the best value for money by making it necessary for suppliers to act highly competitive. As a result, market mechanisms will help in facilitating the best possible practices. In situations where market mechanisms are not effective, tender procedures might lose their effectiveness as well. If for example there is lack of competition due to certain complexities or as a result of lower bidder interest, negotiations with just one or two suppliers may be the most efficient manner to handle the process. Therefore, we discuss the inherent advantages and disadvantages of sealed bidding and contracting by negotiation as procedural frameworks for tendering.

The electronic auction websites have a role of providing the mean to the people who want to sell their electronic devices on the websites in order to get the maximum sale price of the product. The role of these auction sites is to reduce the risk of sellers, protect intellectual property rights, support laws and regulations, provide equal opportunity to the sellers and provide the more enjoyable buying and selling experience to the visitors. There should be proper policies for buying and selling electronic items on the auctions websites (Jacobson, 2003- 2015).

¹ An Auction is a form of exchange that unlike buying goods from a supermarket, the items for the Auction are not typically new, most of the items that were auctioned could have considered as antique, and has history and sentimental meaning. Additionally, the value of items from auction, are generally shaped by culture and social institutions, it makes each items uniquely valued and vastly different from pre-priced items you buy from stores.

First use of reverse auctions assisted by Laura Henning, business consultant for Bothe US operations

ONLINE AUCTIONING SYSTEM _______________ A Thesis Presented to the Faculty of San Diego State University _______________ In Partial Fulfillment of the Requirements for the Degree Master of Science in Computer Science _______________ by Shanthi Potla Summer 2011 iii Copyright © 2011 by Shanthi Potla All Rights Reserved iv DEDICATION To all. v ABSTRACT OF THE THESIS Online Autioning System by Shanthi Potla Master of Science in Computer Science San Diego State University, 2011 The online auctioning system is a flexible solution for supporting lot- based online auctions.

Each year online auction fraud is one of the most commonly reported cases of Internet fraud reported to the Federal Trade Commission. Advances in information technologies enable the creation and success of business models such as Internet auctions. There are a variety of auction frauds, the five most common methods of Internet Auction fraud include bid shilling, bid shielding, non-delivery of merchandise, non-delivery of payment, and product authenticity. This paper will expound on the five most common Internet auction frauds along with examining and performing a literature review of prior empirical studies on Internet auction fraud.

F 34. A reverse auction occurs when a seller posts a list of items for sale and then accepts bids from interested buyers. Answer: False Level: Easy Page: 181

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

Milgrom and Weber [13] have shown that the English auction dominates all other auction formats in terms of seller 's expected profit, when the comparison is restricted to symmetric equilibria. Myerson [14] and Riley and Samuelson [15] explain that if the buyers are risk neutral and have independently and identically distributed private values, then, for the majority of probability distributions, the seller 's expected profit is maximized making it the optimal bidding strategy. The item is awarded to the buyers with the highest value, and any buyer whose value is lower than an optimally set threshold receives zero expected surplus. These two conditions, however, are satisfied by a large array of trading mechanisms, including each of the standard auctions all with the same seller 's reserve price.

This study is focused on a Construction company taking into account a 30 million LE building development venture. This company was among prior organization that deals with the e-tendet site of the government in joint a situations. Interviews were conducted with the Project Manager, Procurement manger; a perception of the association's work advancement was likewise done. The procurement manger admit the employees made a lot of effort through out the first three days, yet they soon got to be acclimated and acknowledged the procedure as a major aspect of their every day obligation. Provided training, support and resources as part of the introduction scheme The e-tendering framework figured out how to cut down the quantity of labor hours included in the