What is live auction in SAP MP-APP-DPE - Dynamic Pricing Engine?

SAP Term: live auction

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: An auction that takes place in a real-time environment. A continuously updated applet allows bidders and initiators to keep track of the live auction activity and progress as it happens. Additional features such as graphs and chat enhance the experience and enable direct interaction.

Smart SAP Assistant

• Key Concepts: 
  Live auction is a feature of the SAP Dynamic Pricing Engine (MP-APP-DPE) that allows customers to bid on products in real time. This feature enables customers to negotiate prices with suppliers in a competitive environment, allowing them to get the best deal possible. 
  
  How to use it: 
  To use the live auction feature, customers must first register for an account with the Dynamic Pricing Engine. Once registered, customers can search for products they are interested in and place bids on them. The bids are then processed in real time and the customer with the highest bid will be awarded the product. 
  
  Tips & Tricks: 
  When using the live auction feature, it is important to keep an eye on the competition. Customers should be aware of other bids placed on the same product and adjust their own bids accordingly. Additionally, customers should be aware of any time limits associated with the auction and make sure to place their bids before the deadline. 
  
  Related Information: 
  For more information about the Dynamic Pricing Engine and its features, please visit SAP’s website at https://www.sap.com/products/dynamic-pricing-engine.html. Additionally, customers can contact SAP’s customer service team for more information or assistance with using the live auction feature.