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

SAP Term: company best bid

• Component: SRM-LA

• Component Name: Live Auction

• Description: Best bid calculated per company for bid validation.

Smart SAP Assistant

• Key Concepts: 
  Company Best Bid (CBB) is a feature of SAP SRM-LA Live Auction that allows companies to submit their best bid for a particular item or service. The CBB is the highest bid submitted by the company and is used to determine the winning bidder. 
  
  How to use it: 
  In order to use the Company Best Bid feature, companies must first register for an auction. Once registered, they can submit their best bid for the item or service they are interested in. The CBB will be compared to other bids submitted by other companies and the highest bid will be chosen as the winning bid. 
  
  Tips & Tricks: 
  When submitting a Company Best Bid, it is important to remember that the highest bid does not always guarantee a win. Companies should also consider other factors such as delivery time, quality of service, and customer service when submitting their bids. 
  
  Related Information: 
  For more information on Company Best Bid and other features of SAP SRM-LA Live Auction, please visit the SAP website at https://www.sap.com/products/srm-la-live-auction.html.