What is negotiation project in SAP LOD-SBO - Supply Base Optimization?

SAP Term: negotiation project

• Component: LOD-SBO

• Component Name: Supply Base Optimization

• Description: A container that includes parts whose prices are to be negotiated in a specific negotiation cycle.

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• Key Concepts: 
  A negotiation project in SAP LOD-SBO Supply Base Optimization is a process that allows buyers and suppliers to negotiate the terms of a contract. This includes the price, delivery date, payment terms, and other conditions. The negotiation project is initiated by the buyer and can involve multiple suppliers. 
  
  How to use it: 
  To create a negotiation project in SAP LOD-SBO Supply Base Optimization, the buyer must first create a request for quotation (RFQ). This RFQ will be sent to potential suppliers who can then submit their offers. The buyer can then review the offers and select the best one. Once the offer is accepted, the buyer and supplier can negotiate the terms of the contract. 
  
  Tips & Tricks: 
  When creating an RFQ, it is important to include all relevant information such as delivery date, payment terms, and any other conditions that may be applicable. This will ensure that all potential suppliers have all the necessary information to make an informed decision. Additionally, it is important to set realistic deadlines for negotiations so that both parties can reach an agreement in a timely manner. 
  
  Related Information: 
  For more information on negotiation projects in SAP LOD-SBO Supply Base Optimization, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to create and manage negotiation projects in SAP LOD-SBO Supply Base Optimization.