1. A method for selecting an auction methodology for a buyer/supplier procurement process, said method comprising: determining an auction scope in a data processing system; determining an auction interaction in said data processing system; determining an auction control in said data processing system; determining an auction pricing in said data processing system; determining a set of auction closing rules in said data processing system; determining an auction iteration in said data processing system; and selecting an auction methodology based on at least one of said auction scope, said auction interaction, said auction control, said auction pricing, said auction closing rules, and said auction iteration.