What is submission deadline in SAP SRM-EBP-BID - RFx?

SAP Term: submission deadline

• Component: SRM-EBP-BID

• Component Name: RFx

• Description: Point in time by which bids must be submitted in response to a bid invitation. No more bids can be submitted after the submission deadline.The equivalent concept in an auction is referred to as the end date.

Smart SAP Assistant

• Key Concepts: 
  Submission deadline is a term used in SAP SRM-EBP-BID RFx. It is the date and time by which all bids must be submitted in order to be considered for the RFx. 
  
  How to use it: 
  When creating an RFx, the user must specify a submission deadline. This deadline should be set to a reasonable amount of time for vendors to submit their bids. The submission deadline should also be set far enough in advance so that the user has enough time to review and evaluate all bids before making a decision. 
  
  Tips & Tricks: 
  It is important to give vendors enough time to submit their bids, but not too much time. If the submission deadline is too far in the future, vendors may forget about the RFx or become less motivated to submit their bids. 
  
  Related Information: 
  The submission deadline is an important part of the RFx process and should be taken into consideration when creating an RFx. It is also important to note that the submission deadline cannot be changed once it has been set.