What is 'reserve price' in SAP MP-APP-DPE - Dynamic Pricing Engine?

reserve price - Overview

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: The price set by the initiator of an auction to qualify bids received. Depending on the direction of price movement, the reserve price is either the least amount at which the initiator is willing to sell forward auction, or the most the initiator is willing to pay reverse auction.

reserve price - Details

• 
  Key Concepts: 
  Reserve price is a feature of the SAP MP-APP-DPE Dynamic Pricing Engine. It is a minimum price that a seller sets for an item, below which the item cannot be sold. This feature helps sellers to protect their profits and ensure that they receive a certain amount of money for their goods.
  
  How to use it: 
  To use the reserve price feature, sellers must first set up the Dynamic Pricing Engine in their SAP system. Once the engine is set up, sellers can then set a reserve price for each item they are selling. This reserve price will be used as the minimum price for the item and will be enforced by the system.
  
  Tips & Tricks: 
  When setting a reserve price, it is important to consider the market conditions and the demand for the item. Setting a reserve price that is too high may result in fewer sales, while setting it too low may result in lower profits. It is also important to keep in mind that the reserve price can be changed at any time if needed.
  
  Related Information: 
  For more information on how to use the SAP MP-APP-DPE Dynamic Pricing Engine, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks on how to effectively use this feature.