What is alternative bid in SAP MP-APP-DPE - Dynamic Pricing Engine?

SAP Term: alternative bid

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: A bid with a different quantity, different price, and/or different bid attribute values than expected by the buyer. In addition to adding bid attributes, the bidder may also remove bid attributes set by the buyer when submitting an alternative bid.

Smart SAP Assistant

• Key Concepts: 
  Alternative bid is a feature of the SAP Dynamic Pricing Engine (MP-APP-DPE) that allows customers to submit multiple bids for a single item. This feature allows customers to compare different bids and select the one that best meets their needs. The bids can be based on different criteria such as price, delivery time, or quality. 
  
  How to use it: 
  To use the alternative bid feature, customers must first create a bid request in the SAP system. This request will include the item they are bidding on, the criteria they are using to evaluate bids, and any other relevant information. Once the request is created, customers can submit multiple bids for the item. The bids will be evaluated based on the criteria specified in the request and the customer can then select the bid that best meets their needs. 
  
  Tips & Tricks: 
  When creating a bid request, it is important to provide as much detail as possible about the item being bid on and the criteria being used to evaluate bids. This will ensure that customers receive accurate and relevant bids from suppliers. Additionally, customers should consider setting a deadline for when bids must be submitted in order to ensure that all suppliers have an equal opportunity to submit a bid. 
  
  Related Information: 
  The alternative bid feature is part of SAP’s Dynamic Pricing Engine (MP-APP-DPE). This engine provides customers with an automated way to manage pricing and discounts across multiple suppliers. Additionally, it allows customers to quickly compare different bids and select the one that best meets their needs.