Which type of inquiry should I choose?

In order to select the most relevant procurement scenario for you, you must first ask yourself what is the purpose of your inquiry. This breakdown of scenarios will help you with the selection of your inquiry.

Public auction

A public auction is used to receive competitive bids from all relevant sellers. Sellers can bid multiple times and lower their bids gradually.

When should you choose a public auction?

• When you want to receive bids from all relevant sellers on Procurean
• When you are looking to attract new sellers
• When your main goal is to receive the most cost-effective bids.

Instructions on creating public auction.

Regulated auction

A regulated auction works in the same way as a public auction, but here only your approved vendors can see or bid on your auction.

When should you choose a regulated auction?

• When you want to receive bids only from your approved sellers
• When you want to invite and receive bids from your existing sellers

Instructions on creating regulated auction.

RFP (Request for Proposal)

Request for Proposal is used to receive a one-time offer from your approved sellers. You can open the inquiries and pick the winning seller from the collected bids at the end of the auction.

When should you choose an RFP?

• When you want to receive one-time offers only from approved vendors
• If you are focusing on strategic purchases
• When you want to invite and receive bids from your existing sellers

Instructions on creating an RFP.