What is expiration date in SAP CRM-ISA-AUC - Web Auction?

SAP Term: expiration date

• Component: CRM-ISA-AUC

• Component Name: Web Auction

• Description: Date until which the products and services that are auctioned using are reserved in the inventory. When the status of an auction becomes 'Active', a quotation is created in CRM. This quotation reserves the quantity of auctioned products or services in the inventory. If the quotation is not converted to an order before the expiration date, the reserved quantity will be released to the inventory. End date is the final date a customer can bid on an auction item. The expiration date should be later than the end date.

Smart SAP Assistant

• Key Concepts: 
  Expiration date is a feature of the CRM-ISA-AUC Web Auction component of SAP. It is used to set a date and time when an auction will end. This allows users to set a deadline for bids and offers, ensuring that all bids and offers are received before the auction closes.
  
  How to use it: 
  To set an expiration date for an auction, users must first create an auction in the CRM-ISA-AUC Web Auction component. Once the auction is created, users can select the “Expiration Date” option from the menu. From there, users can enter the desired date and time for the auction to end. 
  
  Tips & Tricks: 
  When setting an expiration date, it is important to consider the time zone of the participants in the auction. If participants are located in different time zones, it is best to set the expiration date in a time zone that is convenient for all participants. 
  
  Related Information: 
  For more information on how to use the CRM-ISA-AUC Web Auction component of SAP, please refer to the official SAP documentation.