Process: Manage Open Cry auctions

Flow

Legend

Manage Open Cry auctions

Objective

Open Cry auctions trading mechanism.

Description

In Open Cry auctions, all bids are available for public viewing; each participant knows the other bids submitted.

Every auction is governed by a set of rules that the bidder must read before participating. Auction rules are established during auction creation and include aspects such as these:

If auction rules change during an auction, bidders must reread the rules before submitting or updating bids. Bids submitted prior to a rule change are not affected and may still win the bidding.

Features

Edition

Professional, Business, Express Edition

Subprocesses

Business artifacts

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