What is audit in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: audit

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A comparison of master agreement terms versus actual supplier actions to determine whether the supplier is conforming to specified conditions, such as delivery time and method, charged price, quality, and so on.

Smart SAP Assistant

• Key Concepts: 
  Audit is a feature of LOD-ESO Sourcing OnDemand that allows users to review and analyze the performance of their sourcing activities. It provides a comprehensive view of the sourcing process, including the number of bids received, the number of bids accepted, and the total cost savings achieved. It also provides detailed information about each bid, such as the supplier's name, bid amount, and delivery date. 
  
  How to use it: 
  To use the Audit feature, users must first log into their LOD-ESO Sourcing OnDemand account. Once logged in, they can access the Audit page by clicking on the “Audit” tab in the top navigation bar. From there, they can view a summary of their sourcing activities and drill down into specific details about each bid. 
  
  Tips & Tricks: 
  When reviewing audit data, it is important to pay attention to the total cost savings achieved. This will help users identify areas where they can improve their sourcing process and maximize their savings. Additionally, users should take note of any discrepancies between the bid amount and the actual cost of goods or services purchased. This will help them identify any potential issues with suppliers or pricing discrepancies. 
  
  Related Information: 
  For more information about Audit in LOD-ESO Sourcing OnDemand, please refer to the official documentation available on SAP’s website. Additionally, users can contact SAP Support for assistance with any questions or issues related to Audit.