What is bidding criteria in SAP MP-APP-DPE - Dynamic Pricing Engine?

SAP Term: bidding criteria

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: Various criteria occur during the lifecycle of an opportunity. Bidding criteria occur prior to clearing and closing criteria. When creating rule profiles, the DA/DB administrator defines the general model for the bid, which is then specified by the initiator during the creation of the opportunity. For example, whether the bidding occurs in increments that is, foward auction or decrements that is, reverse auction of either amount or percent is defined by the administrator in the rule profile and is considered bidding criteria. The initiator, when using this rule profile to create an opportunity, may then determine the exact amount or percentage that is required of the respondent in submitting an improved, qualifying bid.

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• Key Concepts: 
  Bidding criteria is a feature of the SAP MP-APP-DPE Dynamic Pricing Engine. It allows users to define the criteria for selecting the best bid from a list of bids. This criteria can include factors such as price, delivery time, quality, and other factors. The criteria can be customized to meet the specific needs of the user. 
  
  How to use it: 
  To use the bidding criteria feature, users must first define the criteria they want to use for selecting the best bid. This can be done by selecting from a list of predefined criteria or by creating custom criteria. Once the criteria have been defined, users can then select the best bid from a list of bids based on their criteria. 
  
  Tips & Tricks: 
  When defining bidding criteria, it is important to consider all factors that may affect the selection of the best bid. This includes factors such as price, delivery time, quality, and other factors. Additionally, it is important to consider how these factors may interact with each other when selecting the best bid. 
  
  Related Information: 
  For more information on using the bidding criteria feature of SAP MP-APP-DPE Dynamic Pricing Engine, please refer to SAP's official documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.