What is surrogate bidding in SAP SRM-LA - Live Auction?

SAP Term: surrogate bidding

• Component: SRM-LA

• Component Name: Live Auction

• Description: A function that enables a purchaser to bid on behalf of a bidder, if for example, a bidder is unable to submit bids.

Smart SAP Assistant

• Key Concepts: 
  Surrogate bidding is a feature of SAP SRM-LA Live Auction that allows a bidder to assign another bidder to bid on their behalf. This feature is useful for bidders who are unable to attend the auction in person, or who want to delegate the bidding process to someone else. 
  
  How to use it: 
  To use surrogate bidding, the bidder must first register for the auction and provide the details of the surrogate bidder. The surrogate bidder will then be able to bid on behalf of the original bidder during the auction. The original bidder will be able to monitor the bidding process and make changes as needed. 
  
  Tips & Tricks: 
  It is important to ensure that both the original bidder and the surrogate bidder are aware of all rules and regulations related to the auction before assigning a surrogate. Additionally, it is important to ensure that both parties are aware of any changes that may occur during the auction. 
  
  Related Information: 
  For more information about surrogate bidding, please refer to SAP's official documentation on SRM-LA Live Auction. Additionally, you can contact your local SAP representative for more information about how to use this feature.