What is event term in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: event term

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A condition to which a supplier must agree in order to participate in a sourcing event.

Smart SAP Assistant

• Key Concepts: 
  Event term is a feature of SAP LOD-ESO Sourcing OnDemand that allows users to create and manage events. Events are used to define the parameters of a sourcing process, such as the timeline, participants, and criteria for evaluating bids. Event terms also allow users to set up automated notifications for when certain milestones are reached or when certain criteria are met. 
  
  How to use it: 
  To create an event term, users must first log into their SAP LOD-ESO Sourcing OnDemand account. From there, they can select the “Events” tab and click “Create Event Term”. This will open a form where users can enter the details of their event, such as the timeline, participants, and criteria for evaluating bids. Once all of the information is entered, users can save the event term and it will be available for use in future sourcing processes. 
  
  Tips & Tricks: 
  When creating an event term, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that all participants have access to the same information and that the sourcing process runs smoothly. Additionally, it is important to set up automated notifications so that users are alerted when certain milestones are reached or when certain criteria are met. 
  
  Related Information: 
  For more information on how to use event terms 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