What is best bid in SAP SRM-LA - Live Auction?

SAP Term: best bid

• Component: SRM-LA

• Component Name: Live Auction

• Description: Leading bid, based on the calculated subtotal, received for an auction line item. In reverse auctions, the best bid is the lowest bid.

Smart SAP Assistant

• Key Concepts: 
  Best bid is a term used in SAP SRM-LA Live Auction. It refers to the highest bid that has been placed in an auction. The best bid is the one that will be accepted if no other bids are placed. 
  
  How to use it: 
  In SAP SRM-LA Live Auction, the best bid is the highest bid that has been placed in an auction. This bid will be accepted if no other bids are placed. The best bid can be seen in the auction window and can be changed by placing a higher bid. 
  
  Tips & Tricks: 
  When placing a bid in an auction, it is important to remember that the best bid is the one that will be accepted if no other bids are placed. Therefore, it is important to make sure that your bid is higher than the current best bid in order to have a chance of winning the auction. 
  
  Related Information: 
  SAP SRM-LA Live Auction is a tool used for conducting online auctions. It allows buyers and sellers to participate in real-time auctions and provides features such as bidding, tracking bids, and setting up rules for auctions.