What is bid invitation in SAP MM-SRV - External Services?

SAP Term: bid invitation

• Component: MM-SRV

• Component Name: External Services

• Description: A listing of services to be performed work to be done in a request for quotations RFQ, in response to which a bid proposal, tender is expected.

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• Key Concepts: 
  Bid invitation is a process in SAP's Materials Management (MM) and Services (SRV) External Services component. It is used to invite vendors to submit bids for goods or services that are needed by an organization. The process involves creating a bid invitation document, which contains the details of the goods or services required, and then sending it out to potential vendors. The vendors then submit their bids, which are evaluated and compared against each other to determine the best offer. 
  
  How to use it: 
  To use the bid invitation process in SAP, first create a bid invitation document in the MM-SRV External Services component. This document should include all the necessary details about the goods or services required, such as quantity, delivery date, payment terms, etc. Once the document is created, it can be sent out to potential vendors via email or other means. The vendors will then submit their bids, which can be evaluated and compared against each other to determine the best offer. 
  
  Tips & Tricks: 
  When creating a bid invitation document in SAP, make sure to include all relevant details about the goods or services required. This will help ensure that all potential vendors have all the necessary information they need to submit an accurate bid. Additionally, it is important to set a deadline for when bids must be submitted in order to ensure that all vendors have enough time to prepare their bids. 
  
  Related Information: 
  For more information on using the bid invitation process in SAP, please refer to the official SAP documentation on Materials Management and Services External Services components. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this process effectively.