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

requalify auction bidder - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: To enable a disqualified bidder's ability to resume placing bids. After requalification, the bidder's previous bids are not restored.

requalify auction bidder - Details

• 
  Key Concepts: 
  Requalify auction bidder is a feature of SAP LOD-ESO Sourcing OnDemand. It allows buyers to re-evaluate the qualifications of bidders in an auction after the auction has started. This helps buyers ensure that they are getting the best possible bids from qualified bidders. 
  
  How to use it: 
  To use the requalify auction bidder feature, buyers must first create an auction in SAP LOD-ESO Sourcing OnDemand. Once the auction is created, buyers can select the requalify auction bidder option from the auction settings. This will allow buyers to review and approve or reject bidders based on their qualifications. 
  
  Tips & Tricks: 
  When using the requalify auction bidder feature, it is important to remember that bidders can only be requalified once per auction. Additionally, buyers should be sure to review all bidders carefully before approving or rejecting them. 
  
  Related Information: 
  For more information about requalifying bidders in an auction, please refer to the SAP LOD-ESO Sourcing OnDemand documentation. Additionally, buyers can contact their SAP representative for more information about this feature.