What is standard bidding in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: standard bidding

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A type of auction bidding in which bidders must beat the leading bid price by the specified minimum bid increment and meet or exceed the leading bid quantity.

Smart SAP Assistant

• Key Concepts: 
  Standard bidding is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to quickly and easily create and manage bids for goods and services. It enables buyers to create a standard bid template that can be used for multiple bids, allowing them to save time and effort when creating bids. The template can be customized to include specific criteria such as pricing, delivery terms, payment terms, and more.
  
  How to use it: 
  To use standard bidding, buyers must first create a standard bid template. This template can be customized to include the criteria that the buyer wants to include in their bids. Once the template is created, buyers can then use it to create bids for goods and services. The template can be used multiple times, allowing buyers to quickly and easily create bids without having to start from scratch each time.
  
  Tips & Tricks: 
  When creating a standard bid template, it is important to make sure that all of the criteria included in the template are relevant to the goods or services being bid on. This will ensure that all of the bids created using the template are accurate and complete. Additionally, it is important to review the template regularly to make sure that it is up-to-date with any changes in pricing or other criteria.
  
  Related Information: 
  For more information on standard bidding in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation available on the SAP website. Additionally, there are many online resources available that provide tips and tricks for using standard bidding effectively.