What is bidder application date and time in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: bidder application date and time

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: The deadline by which the bidder must have applied to take part in the bidding process.

Smart SAP Assistant

• Key Concepts: 
  Bidder application date and time is a feature of SAP SRM RFQ Processing. It is the date and time when a bidder can submit their bid for an RFQ. This date and time is set by the buyer and is used to ensure that all bids are received by the same deadline. 
  
  How to use it: 
  The bidder application date and time can be set by the buyer when creating an RFQ. The buyer can also modify the date and time if needed. Once the bidder application date and time has been set, it cannot be changed. All bids must be received by the specified date and time in order to be considered. 
  
  Tips & Tricks: 
  It is important to set a reasonable bidder application date and time that allows bidders enough time to prepare their bids. If the deadline is too short, bidders may not have enough time to submit their bids, resulting in fewer bids being received. 
  
  Related Information: 
  For more information on SAP SRM RFQ Processing, please refer to the SAP Help Portal or contact your local SAP representative.