What is 'unit reserve price' in SAP LOD-ESO - Sourcing OnDemand?

unit reserve price - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The unit price that auction bidding must reach for a line item to be awarded.

unit reserve price - Details

• 
  Key Concepts: 
  Unit reserve price is a feature of SAP LOD-ESO Sourcing OnDemand that allows buyers to set a minimum price for each item in an auction. This ensures that the buyer will not accept any bids below the specified price. The unit reserve price is set by the buyer before the auction begins and is visible to all bidders.
  
  How to use it: 
  To use the unit reserve price feature, buyers must first log into their SAP LOD-ESO Sourcing OnDemand account. Once logged in, they can create an auction and set the unit reserve price for each item. The unit reserve price can be adjusted at any time before the auction begins. Once the auction has started, the unit reserve price cannot be changed. 
  
  Tips & Tricks: 
  When setting a unit reserve price, buyers should consider the market value of the item and set a realistic price that will attract bidders. Setting a unit reserve price that is too high may discourage bidders from participating in the auction. 
  
  Related Information: 
  The unit reserve price feature is just one of many features available in SAP LOD-ESO Sourcing OnDemand. Other features include automated bidding, real-time analytics, and customizable templates. For more information about SAP LOD-ESO Sourcing OnDemand, please visit their website at https://www.sap.com/products/sourcing-ondemand.html