What is raw price in SAP SRM-LA - Live Auction?

SAP Term: raw price

• Component: SRM-LA

• Component Name: Live Auction

• Description: Actual price entered by a bidder.

Smart SAP Assistant

• Key Concepts: 
  Raw price is a term used in SAP SRM-LA Live Auction. It is the starting price of an item in an auction, before any bids are placed. This price is set by the seller and is the minimum amount that they are willing to accept for the item. 
  
  How to use it: 
  When setting up an auction, the seller will need to set a raw price for each item. This will be the starting point for the auction and will be visible to all bidders. The raw price should be set at a level that reflects the value of the item, as this will help to ensure that it is sold at a fair price. 
  
  Tips & Tricks: 
  When setting a raw price, it is important to consider the market value of the item. This will help to ensure that it is sold at a fair price and that bidders are not discouraged from bidding due to an overly high starting price. Additionally, it is important to consider any additional costs associated with the item, such as shipping or taxes, when setting the raw price. 
  
  Related Information: 
  SAP SRM-LA Live Auction is a tool that allows buyers and sellers to conduct auctions online. It provides features such as bidding, payment processing, and reporting. Additionally, it allows sellers to set rules for their auctions, such as minimum bid increments and maximum bid amounts.