What is 'leading bidder' in SAP LOD-ESO - Sourcing OnDemand?

leading bidder - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

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

leading bidder - Details

• 
  Key Concepts: 
  Leading bidder is a term used in SAP LOD-ESO Sourcing OnDemand. It refers to the bidder who has the highest bid for a particular item or service. The leading bidder is the one who will be awarded the contract if all other bids are lower than theirs. 
  
  How to use it: 
  In SAP LOD-ESO Sourcing OnDemand, the leading bidder is determined by the system based on the bids submitted by all bidders. The system will compare all bids and select the one with the highest value as the leading bidder. The leading bidder will then be awarded the contract if no other bids exceed theirs. 
  
  Tips & Tricks: 
  When submitting a bid for an item or service, it is important to ensure that your bid is competitive and that it is higher than any other bids submitted. This will increase your chances of becoming the leading bidder and being awarded the contract. 
  
  Related Information: 
  SAP LOD-ESO Sourcing OnDemand also allows bidders to submit multiple bids for an item or service. This can be useful if you want to increase your chances of becoming the leading bidder by submitting multiple bids with different values.