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

SAP Term: company best bid

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: Business logic in Dynamic Auction and Dynamic Bidding that causes the bid validation to occur against the best bid within the bidding company as opposed to the overall leading bid. The logic used for a particular opportunity is based on the rule profile selected when creating an opportunity. Company best bid also refers to the best bid subtotal per company. This value is used for several of the reports available for initiators. As an example of the effects of creating an opportunity which includes company best bids: A supplier has several manufacturing plants all bidding on a single reverse auction. The bidders from each plant will see the company best bid and can then bid against each other or avoid doing so, depending on their practices.

Smart SAP Assistant

• Key Concepts: 
  Company Best Bid (CBB) is a feature of the SAP Dynamic Pricing Engine (MP-APP-DPE) that allows companies to set a maximum price for their products. This ensures that the company is not overcharging customers and that they are getting the best possible price for their products. 
  
  How to use it: 
  To use the CBB feature, companies must first set a maximum price for their products. This can be done in the SAP system by navigating to the MP-APP-DPE and selecting the “Company Best Bid” option. Once this is done, the system will automatically adjust prices based on market conditions and customer demand. 
  
  Tips & Tricks: 
  It is important to regularly review and adjust the CBB settings in order to ensure that customers are getting the best possible price for their products. Additionally, it is important to monitor market conditions and customer demand in order to ensure that prices are adjusted accordingly. 
  
  Related Information: 
  The CBB feature is part of the SAP Dynamic Pricing Engine, which also includes features such as dynamic pricing rules, customer segmentation, and product bundling. Additionally, there are other pricing strategies available in SAP such as cost-plus pricing and competitive pricing.