What is alternative clause in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: alternative clause

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A clause that can replace an existing clause in a contract document.

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• Key Concepts: 
  Alternative clause is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to create multiple versions of a clause and assign them to different suppliers. This allows buyers to customize the terms and conditions of their contracts with each supplier, ensuring that they are getting the best deal for their business. 
  
  How to use it: 
  To use the alternative clause feature, buyers must first create a clause template. This template will contain all of the standard terms and conditions that will apply to all suppliers. Once the template is created, buyers can then create multiple versions of the clause and assign them to different suppliers. This allows buyers to customize the terms and conditions of their contracts with each supplier, ensuring that they are getting the best deal for their business. 
  
  Tips & Tricks: 
  When creating alternative clauses, it is important to make sure that all of the terms and conditions are clearly stated in each version. This will ensure that there is no confusion between suppliers about what is expected from them. Additionally, it is important to keep track of which version of the clause has been assigned to which supplier, as this will help ensure that all suppliers are held to the same standards. 
  
  Related Information: 
  For more information on alternative clauses in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation here: https://help.sap.com/viewer/product/LOD_ESO_SOURCING_ONDEMAND/Cloud/en-US