What is leading bid in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: leading bid

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The current most competitive bid for a line item in an auction.

Smart SAP Assistant

• Key Concepts: 
  Leading bid is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to set a target price for a particular item or service. The leading bid is the lowest price that the buyer is willing to accept for the item or service. The leading bid is used to guide the bidding process and ensure that the buyer gets the best possible deal. 
  
  How to use it: 
  To use the leading bid feature, buyers must first set a target price for the item or service they are looking to purchase. This target price should be based on market research and other factors such as availability and quality. Once the target price has been set, buyers can then use the leading bid feature to guide their bidding process. The leading bid will be used as a reference point during negotiations and will help buyers ensure that they get the best possible deal. 
  
  Tips & Tricks: 
  When setting a leading bid, it is important to remember that it should be based on market research and other factors such as availability and quality. Additionally, buyers should be aware that the leading bid may not always be accepted by suppliers. It is important to remain flexible and open to negotiation in order to get the best possible deal. 
  
  Related Information: 
  For more information about SAP LOD-ESO Sourcing OnDemand, please visit https://www.sap.com/products/sourcing-ondemand.html. Additionally, buyers can find more information about setting a leading bid at https://help.sap.com/viewer/product/LOD_ESO_SOURCING_ON_DEMAND/Cloud/en-US/f9f8d7a3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6c3e2b14c8f9a7d6cf1/.