What is RFx simple award in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: RFx simple award

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: An award of the whole RFx to one supplier.

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• Key Concepts: 
  RFx simple award is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to quickly and easily award a contract to a single supplier. This feature simplifies the process of awarding contracts by eliminating the need for complex negotiations and allowing buyers to quickly select the best supplier for their needs. 
  
  How to use it: 
  To use RFx simple award, buyers must first create an RFx (Request for Proposal) document. This document should include all relevant information about the goods or services being requested, including pricing, delivery terms, and any other requirements. Once the RFx is created, buyers can then invite suppliers to submit bids. After reviewing all bids, buyers can then select the best supplier and award them the contract using RFx simple award. 
  
  Tips & Tricks: 
  When creating an RFx document, it is important to include as much detail as possible in order to ensure that suppliers are able to accurately submit bids. Additionally, buyers should take time to review all bids carefully before making a decision in order to ensure that they are selecting the best supplier for their needs. 
  
  Related Information: 
  For more information on RFx simple award, please refer to the SAP LOD-ESO Sourcing OnDemand documentation. Additionally, buyers may find it helpful to consult with a procurement specialist in order to ensure that they are using this feature correctly.