What is RFx round in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: RFx round

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A single iteration of an RFx, during which information is gathered from a group of suppliers.

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• Key Concepts: 
  RFx round is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to create and manage a Request for Proposal (RFP) process. This feature allows buyers to define the criteria for evaluating suppliers, create a timeline for the RFP process, and manage the entire process from start to finish. 
  
  How to use it: 
  To use the RFx round feature, buyers must first create an RFP document that outlines the criteria for evaluating suppliers. This document should include information such as the scope of work, timeline, and evaluation criteria. Once the RFP document is created, buyers can then use the RFx round feature to manage the entire process. This includes sending out invitations to potential suppliers, collecting responses from suppliers, and evaluating responses based on the criteria outlined in the RFP document. 
  
  Tips & Tricks: 
  When creating an RFP document, it is important to be as detailed as possible in order to ensure that all potential suppliers have a clear understanding of what is expected of them. Additionally, it is important to set realistic timelines for each step of the process in order to ensure that all suppliers have enough time to respond. 
  
  Related Information: 
  For more information on how to use the RFx round feature of SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tips and tricks for using this feature.