Auction management module
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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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The document describes various forms and processes involved in agricultural product marketing committees (APMCs) in India. Farmers must obtain an entry gate pass and their products are recorded in a register upon entering the APMC market. Products are then verified for quantity. An auction process follows where merchants bid on products. This determines the sale price. A delivery contract/bill is made with copies for the farmer, agent, and purchaser. Merchants must submit all bills to APMC monthly and pay commission fees according to APMC rules. An exit gate pass stamped by APMC is also required when leaving.Recently uploaded (20)
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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.
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