What is end-time gap in SAP SRM-LA - Live Auction?

SAP Term: end-time gap

• Component: SRM-LA

• Component Name: Live Auction

• Description: The time in minutes between the end dates of lots or line items.

Smart SAP Assistant

• Key Concepts: 
  End-time gap is a feature of the SAP SRM-LA Live Auction component. It allows buyers to extend the end time of an auction if they are not satisfied with the current bids. This gives buyers more time to find better offers and increase their chances of getting the best deal. 
  
  How to use it: 
  To use the end-time gap feature, buyers must first select the auction they wish to extend. Then, they can click on the “Extend End Time” button and enter a new end time for the auction. Once the new end time is set, buyers can continue bidding until that time. 
  
  Tips & Tricks: 
  When using the end-time gap feature, it is important to remember that all bids placed after the new end time will be invalid. Therefore, it is important to make sure that all bids are placed before the new end time in order to ensure that they are valid. 
  
  Related Information: 
  The end-time gap feature is just one of many features available in SAP SRM-LA Live Auction. Other features include bid tracking, bid history, and auction analytics. All of these features can help buyers get the best deal possible when participating in an auction.