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

SAP Term: proxy bidding

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: roBidding in which a proxy user bids on someone else's behalf. In Live Auctions, if a bidder is for some reason disconnected and cannot reestablish communication with the cockpit, the initiator may submit a bid on behalf of a bidder.

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• Key Concepts: 
  Proxy bidding is a feature of the SAP MP-APP-DPE Dynamic Pricing Engine that allows customers to set a maximum bid amount for an item and have the system automatically bid on their behalf up to that amount. This allows customers to bid on items without having to constantly monitor the auction and manually adjust their bids. 
  
  How to use it: 
  To use proxy bidding, customers must first set a maximum bid amount for an item. This can be done by entering the maximum bid amount in the appropriate field when placing a bid. Once the maximum bid amount is set, the system will automatically place bids on behalf of the customer up to that amount. 
  
  Tips & Tricks: 
  When using proxy bidding, it is important to remember that the system will only place bids up to the maximum bid amount set by the customer. Therefore, it is important to set a realistic maximum bid amount that is within your budget. Additionally, it is important to remember that other bidders may also be using proxy bidding, so it is important to keep an eye on the auction and adjust your maximum bid amount accordingly. 
  
  Related Information: 
  For more information about proxy bidding and other features of the SAP MP-APP-DPE Dynamic Pricing Engine, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using proxy bidding and other features of the Dynamic Pricing Engine.