What is close pending phase in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: close pending phase

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: An auction phase that allows the auction owner to reopen a line item after it closes, or reopen an entire auction after it closes.

Smart SAP Assistant

• Key Concepts: 
  Close Pending Phase is a feature in SAP LOD-ESO Sourcing OnDemand that allows users to close a sourcing event before the end date. This feature allows users to close the event and move on to the next step in the sourcing process. 
  
  How to use it: 
  To use Close Pending Phase, users must first create a sourcing event. Once the event is created, users can select the Close Pending Phase option from the Actions menu. This will close the event and move it to the next step in the sourcing process. 
  
  Tips & Tricks: 
  When using Close Pending Phase, it is important to remember that all bids must be accepted or rejected before closing the event. If any bids are left pending, they will not be included in the final results of the event. 
  
  Related Information: 
  Close Pending Phase is part of SAP LOD-ESO Sourcing OnDemand, which is a cloud-based solution for managing sourcing events. It provides users with an easy-to-use interface for creating and managing events, as well as tracking bids and results.