SYSTEM FOR AUTOMATED SELECTION OF AUCTION METHOD FOR PROCURING A PROCUREMENT ITEM

摘要

A system for automated selection of atleast one electronic auction method for procuring atleast one procurement item; said system comprises an information seeking system to seek atleast one input data for that procurement item and a selection system to select atleast one electronic auction method for the procurement item based on auction Rule Creation Engine, wherein, input data for the procurement item is a catalog item, the selected electronic auction method shall be traditional auction method, if the input data for that item is a noncatalog item, the selected electronic auction method shall be quick source auction method, if the input data for that item is a spend volume , less than preconflgured volume of spend then the selected electronic auction method shall be quick source auction method, if the input data for that item is a spend volume , more than preconflgured volume of spend then the selected electronic auction method shall be traditional auction method. Wherein traditional auction method is traditional reverse auction method or forward auction method, or dutch auction method and wherein quick source auction method is other than traditional auction method.