Abstract
This research paper explores the concept of e-Auction, an increasingly form of online procurement. There is fixed delivery policy. This is a fully dynamic system which can be easily operated by the users. This research paper explores all the increasing form of online procurement. Online e auction system is gaining popularity day by day because of its ease of making online bidding and selling or buying. Users can freely go the website and register there and it’s ready for selling or buying their product. The main thing that is needed to be there is trust among the users, so that they can easily register and take part in the process without having any doubt regarding security. The aim of any online system are related with two points that are: 1.Customer satisfaction 2.Business purpose. Therefore, to meet these requirements there must be need of making enhancements in the online auction system. This paper will explore the all forms of online procurement that we can make to improve the current system.
Highlights
Online e auction system is a system that provides online platform for the people to buy, sell and take participation in the bidding process of products
Users are promoting it as it facilitates them to buy and sell product and to set the bidding process without going anywhere and relaxing them from the expenses with the instantaneous internet service providing information about each and every aspect clearly with full security support. It is the result of developed e commerce market (EC) that users are giving approval to it, which increases the value of e auction
(5) Continues double auction (CDA) which enables all the buyers to pay the amount for all the bids like for the favourable products it is the process like we invest in share markets
Summary
Online e auction system is a system that provides online platform for the people to buy, sell and take participation in the bidding process of products. Users are promoting it as it facilitates them to buy and sell product and to set the bidding process without going anywhere and relaxing them from the expenses with the instantaneous internet service providing information about each and every aspect clearly with full security support It is the result of developed e commerce market (EC) that users are giving approval to it, which increases the value of e auction. (5) Continues double auction (CDA) which enables all the buyers to pay the amount for all the bids like for the favourable products it is the process like we invest in share markets These are the bids that are being proposed in which the most widely used are forward auction and reverse auction that are the most widely used options to implement them in software and make them better for the user is necessary to maintain the demand for the online auction system So , there is high competition in market as there are a huge number of online systems that are available worldwide .So, it is necessary to maintain. After that our approach or she can say proposed work in section [8], [9] (3) Which includes betterment ideas, after that there will be result in section (4) followed by conclusion in the last i.e. section (5)
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