What is 'broadcast tendering' in SAP TM - Transportation Management?

broadcast tendering - Overview

• Component: TM

• Component Name: Transportation Management

• Description: Simultaneous tendering to preselected carriers.

broadcast tendering - Details

• 
  Key Concepts: 
  Broadcast tendering is a feature of SAP Transportation Management (TM) that allows shippers to send out a single request for quotation (RFQ) to multiple carriers at once. This process helps to streamline the tendering process and reduce the time and effort required to obtain competitive bids from multiple carriers. 
  
  How to use it: 
  To use broadcast tendering, shippers must first create an RFQ in SAP TM. This RFQ should include all relevant information such as shipment details, delivery requirements, and payment terms. Once the RFQ is created, it can be sent out to multiple carriers simultaneously. The carriers can then respond with their bids, which can be compared and evaluated in SAP TM. 
  
  Tips & Tricks: 
  When creating an RFQ for broadcast tendering, it is important to include as much detail as possible. This will help ensure that all carriers have the same information and can provide accurate bids. Additionally, it is important to set a deadline for responses so that the tendering process can be completed in a timely manner. 
  
  Related Information: 
  For more information on broadcast tendering in SAP TM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_TM/9.6/en-US/f3d7f8a2b7c14e8a9f3d7f8a2b7c14e8a.html