What is end date in SAP SRM-LA - Live Auction?

SAP Term: end date

• Component: SRM-LA

• Component Name: Live Auction

• Description: Date and time when an auction automatically ends. This deadline can be extended manually by the purchaser or automatically. Automatic extension of the end date occurs when a bid is received within the inactivity period. The new end date is determined by the defined extension duration.

Smart SAP Assistant

• Key Concepts: 
  End date is a term used in SAP SRM-LA Live Auction. It is the date and time when the auction will end and no further bids can be placed. The end date is set by the auction organizer and cannot be changed once the auction has started. 
  
  How to use it: 
  When setting up an auction, the organizer will need to specify an end date. This should be done before the auction starts so that all participants are aware of when the auction will end. The end date should be set to a reasonable amount of time so that all participants have enough time to place their bids. 
  
  Tips & Tricks: 
  It is important to remember that the end date cannot be changed once the auction has started. Therefore, it is important to set a reasonable amount of time for the auction to run so that all participants have enough time to place their bids. 
  
  Related Information: 
  For more information on SAP SRM-LA Live Auction, please refer to the official SAP documentation.