What is 'transaction completed' in SAP SRM-LA - Live Auction?

transaction completed - Overview

• Component: SRM-LA

• Component Name: Live Auction

• Description: Object status indicating that no further activity of any kind is possible. This may result from the completion of the business lifecycle for the object or upon the object being withdrawn.

transaction completed - Details

• 
  Key Concepts: 
  Transaction completed is a term used in SAP SRM-LA Live Auction. It refers to the process of completing a transaction between a buyer and seller. This process includes the buyer submitting their bid, the seller accepting the bid, and the transaction being finalized. 
  
  How to use it: 
  In order to complete a transaction in SAP SRM-LA Live Auction, the buyer must first submit their bid. The seller then has the option to accept or reject the bid. If accepted, the transaction is finalized and marked as “transaction completed”. 
  
  Tips & Tricks: 
  When submitting a bid, it is important to make sure that all of the details are accurate and up-to-date. This will help ensure that the transaction is completed quickly and without any issues. 
  
  Related Information: 
  For more information on SAP SRM-LA Live Auction, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this software.