Difference between Bidding and Live Auction in SRM

Hi,

I am trying to find the differences between a normal bidding process (bid invitation --> bids) and live auction, apart from live auction being a live activity.

Could someone please help with this? It would be very helpful to know, in which scenario a live auction can be used in place of the normal bidding process.

Thanks & Regards

Saravanan.

Edited by: Saravanan Sadasivan on Feb 12, 2008 11:28 AM