What is RFx scenario award in SAP (LOD-ESO - Sourcing OnDemand)?

SAP Term: RFx scenario award

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: An award of the RFx to multiple suppliers, either manually or automatically.

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• Key Concepts: 
  RFx scenario award is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to award a contract to a supplier based on the results of a Request for Proposal (RFP) or Request for Quotation (RFQ) scenario. This feature enables buyers to quickly and easily select the best supplier for their needs. 
  
  How to use it: 
  To use the RFx scenario award feature, buyers must first create an RFP or RFQ scenario in SAP LOD-ESO Sourcing OnDemand. Once the scenario is created, buyers can invite suppliers to participate in the scenario and submit their proposals. After all proposals have been submitted, buyers can review the proposals and select the best one based on criteria such as price, quality, delivery time, etc. Once the best proposal has been selected, buyers can award the contract to the supplier using the RFx scenario award feature. 
  
  Tips & Tricks: 
  When using the RFx scenario award feature, it is important to ensure that all suppliers are given a fair chance to submit their proposals. To do this, buyers should provide clear instructions on how to submit a proposal and ensure that all suppliers have access to the same information. Additionally, buyers should ensure that all proposals are evaluated objectively and fairly based on predetermined criteria. 
  
  Related Information: 
  For more information about SAP LOD-ESO Sourcing OnDemand and its features, please visit https://www.sap.com/products/sourcing-ondemand.html.