What is 'time increment' in SAP LOD-ESO - Sourcing OnDemand?

time increment - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The length of time by which auction bidding is extended.

time increment - Details

• 
  Key Concepts: 
  Time increment is a feature of the LOD-ESO Sourcing OnDemand component of SAP. It allows users to set up a time increment for each item in a sourcing event. This time increment is used to determine when the item will be available for bidding and when the bidding period will end. 
  
  How to use it: 
  To use the time increment feature, users must first create a sourcing event in the LOD-ESO Sourcing OnDemand component. Once the event is created, users can select the items they wish to include in the event and set up a time increment for each item. The time increment will determine when the item will be available for bidding and when the bidding period will end. 
  
  Tips & Tricks: 
  When setting up a time increment for an item, it is important to consider how long you want the bidding period to be. If you set up a short time increment, it may not give bidders enough time to submit their bids. On the other hand, if you set up a long time increment, it may cause bidders to lose interest in the event. 
  
  Related Information: 
  For more information on setting up a time increment for an item in LOD-ESO Sourcing OnDemand, please refer to SAP's official documentation on the topic. Additionally, there are many online tutorials and videos available