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Feature Details
Module: Procurement and sourcing
First Available In 10.0.21
Find out more at https://go.microsoft.com/fwlink/?linkid=2127257Lifecycle State: Can Be Disabled:
First Available In 10.0.21
Find out more at https://go.microsoft.com/fwlink/?linkid=2127257Lifecycle State: Can Be Disabled:
Content Author Info
This feature is not available for China and US Government clouds. Promote fair procurement practices by implementing sealed bidding on your requests for quotation (RFQs). When a vendor submits a bid for an RFQ case set for sealed bidding, the system automatically encrypts details such as prices and quantities for confidentiality until the bidding period expires. At the end of the bidding period, the purchasing agent can then open and evaluate all the bids at once. The feature lets you set some or all RFQ cases for sealed bidding, select an appropriate bidding period for each case, and configure a dedicated Azure Key Vault for encrypting the submitted bids.