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

SAP Term: ready

• Component: SRM-LA

• Component Name: Live Auction

• Description: Object status indicating that the new object e.g. auction has passed system validation. All required fields and necessary data have been entered and the object is ready to be published. Only purchasers can view the object in this status.

Smart SAP Assistant

• Key Concepts: 
  Ready is a status in the SRM-LA Live Auction component of SAP. It indicates that the auction is ready to be launched and all the necessary preparations have been made. This includes setting up the auction parameters, such as the start and end times, the number of participants, and the rules of the auction. 
  
  How to use it: 
  To use the Ready status in SRM-LA Live Auction, first set up all the necessary parameters for the auction. Once all of these have been configured, click on the “Ready” button to indicate that the auction is ready to be launched. 
  
  Tips & Tricks: 
  It is important to double-check all of the parameters before setting an auction to Ready status. This will ensure that everything is set up correctly and that there are no unexpected surprises when launching the auction. 
  
  Related Information: 
  For more information on setting up an SRM-LA Live Auction, please refer to SAP’s official documentation.