As B2B auctions carve out a prominent place in the global business market, ease of use becomes an increasingly important factor and reducing the time necessary to create or participate in an auction translates into savings that go directly to the bottom line. Oracle automates the logistics of organizing an auction, including the ability to create and apply re-usable bidders lists. With these re-usable lists, a company administrator or auction creator can standardize business practices and ensure that all appropriate bidders are invited to the appropriate auctions. Re-usable bidders lists can be attached to one or more auction templates, as well as used directly during auction creation, to avoid unnecessary duplication of effort. With standard lists, the auction creator does not have to start from scratch and can simply edit listed details for each auction to help ensure that the correct group of targeted bidders is invited to the appropriate auctions, saving time and money. Oracle Exchange powers the most efficient and complete auctions on the market.
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