How do I create a Simple Lot?
What is the issue you're facing?
I need to create a new simple lot. How do I do this?
Solution
To create a new simple lot, once you have started creating your event and you are on the RFQ or Auction tab you will see this screen. Click on the +New Lot button.
Simple lots require a name, a unit of measure and a unit quantity. This allows you to state the format in which suppliers should quote and the volume you will be purchasing.
A current price can also be added. As this is used to calculate savings, we strongly recommend including a current price. If you have no current price to compare against, you should add your budget or expected price here. This information is not shown to suppliers, and is used purely for savings calculations.
The final optional field is qualification price. The qualification price is the upper limit at which you are willing to accept bids. Where a qualification price is included, suppliers will be unable to submit bids above this figure. We only recommend including a qualification price in scenarios where you have a stringent budget that you cannot go above and / or you have a very strong grip on the market and expected pricing. Where there is doubt, we recommend leaving this field blank.
Simple lots can be added manually one by one or in bulk using the ‘Excel Upload’ function.
Once added your lots will appear like this, with each lot appearing on its own line.
In the example below there are 2 lots, one for Laptops and one for Desktops where we are looking for a price per unit on 500 pieces each.
We can see the current price for Laptops is £500 and for Desktops is £350. Suppliers will not be able to see this.
We can also see that no qualification price has been added.
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