What is bidder in SAP MM-PUR-SRC - Product Sourcing?

SAP Term: bidder

• Component: MM-PUR-SRC

• Component Name: Product Sourcing

• Description: Potential supplier or business partner who participates in the bidding process and offers to supply the goods and/or services that were requested in a published sourcing project or in a published RFQ.

Smart SAP Assistant

• Key Concepts: 
  A bidder is a person or organization that submits a bid in response to a request for quotation (RFQ) in the SAP MM-PUR-SRC Product Sourcing component. The bidder is typically a vendor or supplier who is interested in providing the goods or services requested in the RFQ. 
  
  How to use it: 
  In order to submit a bid, the bidder must first register with the SAP system. Once registered, they can view and respond to any RFQs that are posted. The bidder can then submit their bid, which includes pricing and other details about the goods or services they are offering. 
  
  Tips & Tricks: 
  When submitting a bid, it is important to make sure that all of the information provided is accurate and up-to-date. This will help ensure that the bidder’s bid is taken seriously and considered for selection. 
  
  Related Information: 
  The SAP MM-PUR-SRC Product Sourcing component also includes features such as supplier evaluation and selection, contract management, and purchase order processing. These features are all designed to help buyers find the best suppliers for their needs and manage their relationships with them.