What is restricted bid invitation in SAP SRM-EBP-BID - RFx?

SAP Term: restricted bid invitation

• Component: SRM-EBP-BID

• Component Name: RFx

• Description: in which the organization issuing the invites only selected potential bidders by mailing them directly.

Smart SAP Assistant

• Key Concepts: 
  Restricted bid invitation is a feature of SAP SRM-EBP-BID RFx that allows buyers to invite only certain suppliers to participate in a bidding process. This feature helps buyers to limit the number of suppliers who can submit bids, thus ensuring that only the most qualified suppliers are invited to participate. 
  
  How to use it: 
  To use the restricted bid invitation feature, buyers must first create a list of eligible suppliers. This list can be created manually or by using an automated system. Once the list is created, buyers can then invite only those suppliers on the list to participate in the bidding process. 
  
  Tips & Tricks: 
  When creating a list of eligible suppliers, it is important to ensure that all relevant criteria are taken into account. This includes factors such as supplier experience, pricing, and delivery times. Additionally, buyers should also consider any special requirements that may be necessary for certain suppliers. 
  
  Related Information: 
  The restricted bid invitation feature is just one of many features available in SAP SRM-EBP-BID RFx. Other features include automated bidding processes, real-time analytics, and supplier management tools. Additionally, SAP SRM-EBP-BID RFx also offers integration with other SAP products such as Ariba and Concur.