What is 'anonymous bidding' in SAP LOD-ESO - Sourcing OnDemand?

anonymous bidding - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: An auction option which conceals a bidder's identity from other bidders.

anonymous bidding - Details

• 
  Key Concepts: 
  Anonymous bidding is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to hide the identity of bidders from each other. This ensures that bidders are not influenced by the competition and can submit their bids in a fair and unbiased manner. 
  
  How to use it: 
  To enable anonymous bidding, buyers must first create a sourcing event in SAP LOD-ESO Sourcing OnDemand. Once the event is created, buyers can select the “Anonymous Bidding” option in the event settings. This will ensure that all bids submitted for the event are anonymous. 
  
  Tips & Tricks: 
  When using anonymous bidding, buyers should ensure that all bidders are aware of the rules and regulations of the event. This will help ensure that all bidders are submitting their bids in a fair and unbiased manner. 
  
  Related Information: 
  For more information on anonymous bidding, please refer to the SAP LOD-ESO Sourcing OnDemand documentation. Additionally, buyers can contact their SAP representative for more information on how to use this feature.