The document describes the functionality of an auction management system. It allows for live bidding during auctions as well as absentee bidding where users can submit maximum bids online before auctions start. The system enables automatic invoicing of winning bidders. It also describes the administrator role which includes managing users, backing up the system database, generating reports, and maintaining company details.
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Auction management module
1. AUCTION MANAGEMENT FUNCTIONALITY
INTRODUCTION
The main advantage of the auction system is that the user can have the varied
classes for their investment, and through this system user can invest in their own
selected firm.
FUNCTIONALITY
1) Live Bidding
This allows bidders to place bids at the same time as the auction is
actually taking place.
2) Absentee Bidding
Once visitors have found an item that interests them, they can leave a
bid online. A simple bidding form on the item description page allows
them to leave a maximum bid before the sale starts..
3) Bidder Contact and Invoicing
This feature enables you to contact winning bidders with customized
emails or invoices within minutes of the auction close, avoiding the
time-consuming task of invoicing.
4) Administrator
He is the super user responsible for managing clients of the system,
taking system backup, generating reports, maintaining organization
details.
2. 5) Manage Clients
The Administrator assigns new users when a new client joins the
auctioning. Also he can delete an account when any of the user leave
the auctioning organization.
6) Maintain Corporate Details
The Administrator maintains entire details of the Corporate that
includes details of the Corporate Admin and its sub users details etc.
7) Take System Backup
The Administrator Backup the database in order to prevent loss of data
on system crashes. He can backup entire database or a particular section.
8) Generate Reports
Responsible for checking the logs of different system users for auditing
and maintaining the integrity of the system.
REPORT GENERATED
Generate report of highest biding of each grain day wise, week wise,
month wise.
Generate report of individual grain biding report.
Generate report of which grain is biding with maximum price by which
merchant.
Generate logs report.