What is ended in SAP SRM-LA - Live Auction?

SAP Term: ended

• Component: SRM-LA

• Component Name: Live Auction

• Description: A live auction status indicating that all bidding activity has ended. A live auction is ended automatically based on the end date and time.

Smart SAP Assistant

• Key Concepts: 
  SRM-LA Live Auction is a component of SAP's Supplier Relationship Management (SRM) system. It enables buyers and suppliers to conduct real-time auctions online. The term "ended" in this context refers to the conclusion of an auction. Once an auction has ended, the buyer and supplier can review the results and decide on a course of action. 
  
  How to use it: 
  In order to use SRM-LA Live Auction, buyers and suppliers must first register for an account. Once registered, they can create an auction and invite other users to participate. During the auction, buyers and suppliers can submit bids and counter-bids in real-time. When the auction has reached its conclusion, the buyer and supplier can review the results and decide on a course of action. 
  
  Tips & Tricks: 
  When creating an auction, it is important to set a clear timeline for when it will end. This will ensure that all participants are aware of when the auction will conclude and can plan accordingly. Additionally, it is important to set clear rules for how bids should be submitted and how disputes should be handled. This will help ensure that the auction runs smoothly and that all participants are aware of their rights and responsibilities. 
  
  Related Information: 
  For more information about SRM-LA Live Auction, please visit SAP's website at https://www.sap.com/products/supplier-relationship-management/live-auction.html. Additionally, there are many online resources available that provide tips and tricks for using SRM-LA Live Auction more effectively.