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

decline participation - Overview

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: Action associated with a bidder indicating his refusal to bid on an opportunity or on opportunity line items.

decline participation - Details

• 
  Key Concepts: 
  Decline participation is a feature of the SAP MP-APP-DPE Dynamic Pricing Engine. It allows customers to decline a price offer from a vendor, and the vendor can then adjust the offer accordingly. This feature helps to ensure that customers are getting the best possible price for their purchase. 
  
  How to use it: 
  To use the decline participation feature, customers must first select the product they wish to purchase and enter their desired price. The vendor will then receive the customer's request and can either accept or decline it. If the vendor declines, they can then adjust the offer accordingly. 
  
  Tips & Tricks: 
  When using the decline participation feature, it is important to remember that vendors may not always accept a customer's offer. Therefore, it is important to be prepared to negotiate with the vendor in order to get the best possible price for your purchase. 
  
  Related Information: 
  The SAP MP-APP-DPE Dynamic Pricing Engine also includes other features such as dynamic pricing rules, which allow vendors to set different prices for different customers based on their preferences. Additionally, it also includes features such as customer segmentation, which allows vendors to target specific customer segments with tailored offers.