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

SAP Term: lotting

• Component: SRM-LA

• Component Name: Live Auction

• Description: A feature that allows the purchaser to group multiple line items under a single lot.

Smart SAP Assistant

• Key Concepts: 
  Lotting is a feature of SAP SRM-LA Live Auction that allows buyers to bid on multiple items at once. It allows buyers to bid on multiple items in a single transaction, which can save time and money. Lotting also allows buyers to set a maximum price for each item, so they can be sure they are not overspending. 
  
  How to use it: 
  To use lotting, buyers must first select the items they wish to bid on. They can then set a maximum price for each item and submit their bids. The system will then automatically calculate the total cost of the items and the buyer will be notified if their bid is accepted or rejected. 
  
  Tips & Tricks: 
  When using lotting, it is important to remember that the total cost of the items may be higher than the maximum price set for each item. This is because the system will calculate the total cost based on all of the bids submitted. It is also important to remember that lotting is only available for certain types of auctions, so buyers should check with their auction provider before bidding. 
  
  Related Information: 
  For more information about lotting and other features of SAP SRM-LA Live Auction, please visit the official SAP website. Additionally, there are many online resources available that provide detailed tutorials and tips for using this software.