What is 'transformed price' in SAP SRM-LA - Live Auction?

transformed price - Overview

• Component: SRM-LA

• Component Name: Live Auction

• Description: When factored-cost bidding settings have been defined for a bidder, price information for example, the starting price and next valid bid values displayed in the cockpit is transformed to reflect the adders and/or multipliers assigned to that bidder. The bid history information is also transformed to reflect the factored-cost bidding settings of the bidder.

transformed price - Details

• 
  Key Concepts: 
  Transformed price is a feature of SAP SRM-LA Live Auction that allows buyers to adjust the price of an item based on their own criteria. This feature allows buyers to customize the price of an item to fit their budget and needs. The transformed price is calculated by applying a transformation formula to the original price of the item. 
  
  How to use it: 
  To use the transformed price feature, buyers must first select an item they wish to purchase. Once they have selected the item, they can then enter their desired criteria into the transformation formula. The transformed price will then be calculated and displayed for the buyer to review. 
  
  Tips & Tricks: 
  When using the transformed price feature, buyers should be aware that the transformation formula may not always produce the desired result. It is important to review the transformed price before making a purchase to ensure that it meets their needs and budget. 
  
  Related Information: 
  For more information about SAP SRM-LA Live Auction and its features, please visit SAP's official website at www.sap.com. Additionally, there are many online resources available that provide detailed tutorials and guides on how to use this feature.