Hi Nishanth,
Bid transformation is useful for helping you to fairly and consistently factor the differences between suppliers and their offerings into your awarding decisions.and bringing dissimilar suppliers and their offerings into competition.
For example, you need to buy raw materials for a plant in the United States and are considering two suppliers: one is local and one overseas. 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 locally. Therefore Bid Transformation template allows you to design an auction to bring the two suppliers into competition. You set up the auction to automatically include the shipping costs of the material in the prices that the participants bid.
Regards,
Aditya