Request for Information (RFI), Request for Proposal (RFP), Request for Quote (RFQ)
These guides will help suppliers participate in online Auctions
What is an Auction?
A buyer puts a bid out for goods or service to multiple sellers. Suppliers offer bids on the item, competing to offer the lowest price that meets all of the specifications of the bid. As the auction progresses, the price decreases as sellers compete to offer lower bids than their competitors. (It may be easier to think of it as a “Reverse” Auction.)
Bidding performed in real-time via the Internet results in a dynamic, competitive process.
The buyer may award the contract to the seller who bid the lowest price. Or, a buyer may award contracts to suppliers who bid higher prices depending upon the buyer's specific needs with regards to quality, lead-time, capacity, or other value-adding capabilities.
Guides are available for download in the following languages:
These guides will help suppliers participate in online negotiations through e-sourcing. e-negotiations are an online event type in which a buyer bargains with one or more suppliers to reach an agreement on a purchase or a purchasing contract.
Guides are available for download in the following languages:
E-Sourcing is a web-based application that allows DuPont Buyers and select suppliers to collaborate electronically (on-line) and expedite the sourcing process.
(requires ID and password, available from your primary DuPont point of contact)