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Component: MP-APP-DPE
Component Name: Dynamic Pricing Engine
Description: The length of time, in hours and minutes, before an auction or RFQ is scheduled to close during which a newly received bid will cause the auction or RFQ closing to be extended. The amount of time the auction or RFQ is extended is specified as the extension duration.
Key Concepts: The inactivity period in the MP-APP-DPE Dynamic Pricing Engine is a time frame during which no changes can be made to the pricing rules. This period is designed to ensure that the pricing rules remain consistent and that any changes made are intentional. How to use it: The inactivity period can be set by the user in the Dynamic Pricing Engine. The user can choose a time frame ranging from one day to one year. Once the inactivity period has been set, no changes can be made to the pricing rules until the period has expired. Tips & Tricks: It is important to set an appropriate inactivity period for your pricing rules. If you set a too short of a period, you may not have enough time to make any changes if needed. On the other hand, if you set a too long of a period, you may not be able to make any changes quickly if needed. Related Information: The inactivity period is just one of many features of the MP-APP-DPE Dynamic Pricing Engine. Other features include price optimization, price simulation, and price monitoring. For more information on these features, please refer to the SAP documentation.