As the name suggests, this action on any selected auction will let you delete the request.
Menu Path: Sourcing Event Management >> Auctions>> Action >> Delete
1.From the list of Auctions, select a request and Click on the Actions Button and choose Delete. As already seen in the Auctions section, the actions are displayed based on the Status of the request. For an auction in Draft state, the Delete option is made available. You cannot Delete the auction once it is submitted for approval.