What is request for proposal in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: request for proposal

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A request for a supplier to submit a proposal to fill an order.

Smart SAP Assistant

• Key Concepts: 
  Request for Proposal (RFP) is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to create and send out requests for proposals to suppliers. The RFP process allows buyers to define the scope of the project, set deadlines, and specify the criteria for evaluating the proposals. The RFP also allows buyers to communicate with suppliers and negotiate terms and conditions. 
  
  How to Use It: 
  To use the Request for Proposal feature, buyers must first create a request for proposal document. This document should include all relevant information about the project, such as the scope of work, deadlines, and evaluation criteria. Once the document is created, buyers can then send it out to suppliers via email or other communication channels. 
  
  Tips & Tricks: 
  When creating a request for proposal document, it is important to be as detailed as possible. This will help ensure that suppliers have all the necessary information to submit a competitive proposal. Additionally, buyers should be sure to set realistic deadlines and provide clear instructions on how to submit a proposal. 
  
  Related Information: 
  For more information on using the Request for Proposal feature 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