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The Adjust bids rule

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The Adjust bids rule can be used to apply bonuses or penalties to the bid values of specific lots. Bids can be adjusted by an exact value or as a percentage of the bid.

Enter a positive number to increase the value of a bid, or enter a negative value to decrease the value of a bid. By default, lower values are considered better for improving a bid, but this depends on the cost calculation rule applied.

The Adjust bids rule is useful for improving or impairing the chances of suppliers to win lots based on your business goals or concerns.

Info:
The Adjust bids rule page features two tabs: Rule conditions, and Rule details.

Configure the conditions and logic of the rule on the Rule conditions tab, and create a custom description for the rule on the Rule details tab.

Rule conditions

Evaluate_Adjust_bids.png
Figure 1. Adjust bids rule conditions
  1. for - Select which bidders to apply the rule to.
    • All bidders: Apply the rule to all bidders in the event.
    • Specific bidders: Select specific bidders to apply the rule to from the dropdown list.
    • Bidders in group: Select specific bidder groups to apply the rule to from the dropdown list.
    • Bidders not in group: Select specific bidder groups to not apply the rule to from the dropdown list.
    • Incumbents: Apply the rule to bidders on lots where they have been specified as the incumbent.
  2. on - Select which lots to apply the rule to.
    • All lots: Apply the rule to all lots in the event
    • Specific lots: Select specific lots to apply the rule to from the dropdown list.
    • Lots in group: Select specific lot groups to apply the rule to from the dropdown list.
    • Lots not in group: Select specific lot groups to not apply the rule to from the dropdown list.
  3. by - Select how the bid is adjusted.
    • Exactly: Select to adjust the bid by an exact value.
    • Proportionally: Select to adjust the bid by a percentage value.

Rule details

Evalute_Scenarios_Rule_Conditions_1.png
Figure 2. Adjust bids rule details

Custom description - Enter a custom description of your rule that will appear in addition to the auto-generated description created by Sourcing Optimizer. This custom description is a useful way of adding context for the purpose or goal of your rule.