1.

Quick Project and Full Project

A project is a container that enables you to maintain all documents and information.

Quick Project ->A quick project is a single sourcing event such as an RFI, RFP, or auction
that is created from a SAP Ariba template.
Full Project -> Full projects can contain multiple sourcing events, or they can be sourcing
projects.

2. Auctions
Auctions are competitive and allow the real-time exchange of information between
participants.

The types of auctions are:

Reverse Auction ->
In this auction supplier submits bids with highest prices and lower bids are submitted
gradually until event closes. It is a standard auction.

Extended Reverse Auction ->

Extended reverse auctions are the same as reverse auctions, except that they also include
the bundle.

Reverse Auction with Bid Transformation ->

It is a reverse auction where there is price of the material plus the shipping price. This
auction allows you to bring two suppliers into competition when one supplier is local and
another one is local.
The overseas material is less expensive, but you must ship it much further. The price of
the overseas material, plus the extra shipping costs, equals the cost of buying it local.

Total cost Auction ->

Cost components are visible to the suppliers and supplier enters the price for bid and the
cost component.
Dutch Reverse Auction ->
The buyer sets a very low initial price and raises it occasionally until a supplier accepts the
price or a decided price is reached.

Dutch Reverse auction with bid Transformation ->It is a bidding event for line items, including
factors other than price. Bid transformation allows you to transform buyers' bids by adding cost
terms you define.
 Index based Auction ->
For the item like chemical, metal or gas. The price fluctuates with the Market Price. Bid is
submitted relative to the market index. Ex +/- 5 Index value or +/- 5% of the index value.

Japanese Auction ->

Japanese auctions require suppliers to accept pricing at levels that automatically adjust
at regular intervals.
In a reverse Japanese auction, you are buying and the price level falls at each interval.
In a forward Japanese auction, you are selling and the price level rises at each interval.
By default, a participant who does not accept a price level for an item becomes inactive
and is unable to accept any further price levels for the item.

3. UNSPSC
UNSPSC: United Nations Standard Products and Services Code

The UNSPSC code classifies products and services on five levels: segment, family, class,
commodity, and business function.
It is of 8 characters.

Almost all companies use UNSPSC standards to categorize their products. These code are
same for all and agreed by the members of UNSPSC organizational body.
We have many products and services available in the market.
But our vendors may use some codes in their systems and we may have those codes with
some other language for our understanding.
So we can make use of UNSPSC and normalize this mismatch and develop the codes for
the products and services we are buying.