What is factored cost bidding in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: factored cost bidding

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A feature allowing the purchaser to use numerical weights to take into account such factors as transportation costs, switching costs, import tax, and so on, in an auction bid.

Smart SAP Assistant

• Key Concepts: 
  Factored cost bidding is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to create bids based on a combination of factors, such as cost, quality, and delivery time. This feature allows buyers to create bids that are tailored to their specific needs and requirements. 
  
  How to use it: 
  To use factored cost bidding, buyers must first create a bid template. This template will include the factors that the buyer wishes to consider when creating their bid. Once the template is created, buyers can then create bids based on the template. The bids will be evaluated based on the factors specified in the template. 
  
  Tips & Tricks: 
  When creating a bid template, it is important to consider all of the factors that are important to the buyer. This will ensure that the bids created using the template are tailored to the buyer’s specific needs and requirements. Additionally, it is important to review all of the bids created using the template before submitting them for evaluation. 
  
  Related Information: 
  For more information about factored cost bidding in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation available on SAP’s website. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.