What is 'bidder' in SAP MP-APP-DPE - Dynamic Pricing Engine?

bidder - Overview

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: User who takes action, such as placing a bid, in response to an auction, RFQ, or bid invitation.

bidder - Details

• 
  Key Concepts: 
  A bidder is a user of the SAP MP-APP-DPE Dynamic Pricing Engine. It is a person or organization that submits bids for goods or services in an auction. The bidder is the one who sets the price for the item they are bidding on. 
  
  How to use it: 
  The bidder can use the SAP MP-APP-DPE Dynamic Pricing Engine to submit bids for goods or services in an auction. The bidder can set the price for the item they are bidding on and can also view other bids that have been submitted. 
  
  Tips & Tricks: 
  When submitting a bid, it is important to consider the current market value of the item being bid on. This will help ensure that the bidder does not overpay for the item. Additionally, it is important to keep track of other bids that have been submitted so that the bidder can adjust their bid accordingly. 
  
  Related Information: 
  The SAP MP-APP-DPE Dynamic Pricing Engine also allows bidders to view analytics related to their bids, such as average bid prices and total number of bids received. This information can be used to help bidders make more informed decisions when submitting bids.