What policy would you use to award business to suppliers?

Case 4-3 Portland Bus Manufacturing Prepare a plan and schedule for reverse auctions of 21 packages consisting of 290 components.BASIC ISSUES1. Technology applications in supply chain management2. Electronic reverse auctions3. Supply processes4. Supplier relations5. Negotiation6. Cost management and total cost of ownershipStudent AssignmentAs Richard Kaplan, what how would you set-up the reverse auction Be specific in with respect to visibility (e.g., what the bidders would see during the auction), length of the auction, policies for extending the length of the auction and target pricing.2. What policy would you use to award business to suppliers?3. How do you think the suppliers will react to your proposal to run a reverse auction? What would you do to convince them to…