The "pre-bid" function refers to the process of receiving and confirming pre-submitted bids or offers from third parties. This process is typically common in auction environments or procurement processes where potential buyers place bids for products or services.
Typical functions of a software in the "pre-bid" area can be:
Receiving bids: The software makes it possible to receive and store incoming pre-bids from different suppliers.
Validation of bids: The software checks the incoming pre-bids for completeness and correctness according to the specified criteria.
Vendor notification: The software can automatically send notifications to vendors to confirm receipt of their pre-bids.
Time stamp for pre-bids: The software can timestamp incoming bids to ensure they are received within the specified timeframe.
Confirmation of pre-bids: The software allows buyers to confirm or reject bids received, depending on their requirements and preferences.
Logging and reporting: The software records all activities related to the receipt and confirmation of pre-bids and generates reports for later analysis.
