Japanese auction
In a Japanese auction, the price starts high and drops in increments. At each price drop, you’ll decide whether to stay or leave. If you stay and all other participants drop out, you win the auction. If you leave or don’t respond in time, you’ll be removed from the event. Be prepared to act decisively.
You can find Japanese auction events on the RFQ events list. Open the event to review the details and line items provided by the buyer.
Contact buyer: If you have questions for the buyer, see Communicate with buyers.
How to respond to a Japanese auction
Step 1: Register for auction
Before the auction starts, enter some basic details (Supplier quote number, Valid for, and Delivery days for each line item) and click Join auction.
Once registered, you’ll get an email when the auction begins. You'll enter your pricing later in the process.
Step 2: Review and accept price
When the auction starts, open the event to review the current auction price and a summary of the next price decrease.
At each price drop, you’ll need to click Accept price to stay in the auction. The last remaining participant wins.
Step 3: Finalize your bid
If you win, you'll need to distribute the auction price across the line items and complete your bid.
The buyer will review your response and make the final award decision. You can track the event status from your events list (auctions are available on the RFQ list).
