What is Tenders Electronic Daily in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: Tenders Electronic Daily

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: An EU database containing bid invitations for public sector contracts, as published in the Supplement of the Official Journal of the European Communities.

Smart SAP Assistant

• Key Concepts: 
  Tenders Electronic Daily (TED) is a European Union (EU) initiative that provides public sector organizations with access to a database of public procurement notices from all EU member states. It is part of the Public Sector Market Group Procurement (PSM-GPR) component of SAP software. 
  
  How to use it: 
  TED is used by public sector organizations to search for and access public procurement notices from all EU member states. It allows users to search for notices by country, type of contract, and other criteria. The TED database is updated daily with new notices, so users can stay up-to-date on the latest opportunities. 
  
  Tips & Tricks: 
  When using TED, it is important to be aware of the different types of contracts available and the criteria for each one. This will help you narrow down your search and find the most relevant notices for your organization. Additionally, it is important to check the TED database regularly, as new notices are added daily. 
  
  Related Information: 
  For more information about TED and PSM-GPR Procurement for Public Sector, please visit the SAP website or contact your local SAP representative.