What is 'tender' in SAP PSM-GPR - Procurement for Public Sector?

tender - Overview

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: An RFx or an RFx response.

tender - Details

• 
  Key Concepts: 
  Tender is a process used in the Public Sector Procurement for SAP (PSM-GPR) component of SAP. It is a way for public sector organizations to solicit bids from vendors for goods and services. The tender process involves the organization issuing a call for bids, vendors submitting their bids, and the organization evaluating the bids and selecting the winning bid. 
  
  How to use it: 
  The tender process begins with the organization issuing a call for bids. This call will include information about the goods or services being requested, the timeline for submitting bids, and any other relevant information. Vendors then submit their bids, which are evaluated by the organization. The organization then selects the winning bid based on criteria such as price, quality, and delivery time. 
  
  Tips & Tricks: 
  When issuing a call for bids, it is important to provide as much information as possible so that vendors can accurately submit their bids. Additionally, it is important to set clear criteria for evaluating bids so that all vendors have an equal chance of being selected. 
  
  Related Information: 
  The tender process is part of the Public Sector Procurement for SAP (PSM-GPR) component of SAP. For more information on this component, please refer to the SAP Help Portal.