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

SAP Term: delete bid

• Component: SRM-LA

• Component Name: Live Auction

• Description: Action performed by the purchaser which removes a single bid from consideration in the live auction. All data that was based on this bid best bid for example will be recalculated and refreshed in the cockpit UI the bid information remains in the bid history however.

Smart SAP Assistant

• Key Concepts: 
  Delete bid is a feature in SAP SRM-LA Live Auction that allows users to delete bids they have placed in an auction. This feature is useful for buyers who have placed bids that are too high or who have changed their minds about participating in the auction. 
  
  How to use it: 
  To delete a bid, users must first log into the SAP SRM-LA Live Auction system. Once logged in, they can navigate to the auction page and select the “Delete Bid” option. This will open a confirmation window where users can confirm their decision to delete the bid. 
  
  Tips & Tricks: 
  It is important to note that once a bid has been deleted, it cannot be undone. Therefore, it is important to be sure of your decision before deleting a bid. Additionally, it is important to remember that deleting a bid does not automatically remove you from the auction; you must also manually withdraw from the auction if you no longer wish to participate. 
  
  Related Information: 
  For more information on how to use the Delete Bid feature in SAP SRM-LA Live Auction, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.