What is peer-to-peer tendering in SAP TM - Transportation Management?

SAP Term: peer-to-peer tendering

• Component: TM

• Component Name: Transportation Management

• Description: Sequential tendering to preselected carriers.

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• Key Concepts: 
  Peer-to-peer tendering is a feature of SAP Transportation Management (TM) that allows companies to create and manage tenders for transportation services. It enables companies to compare different offers from multiple carriers and select the best one for their needs. The tendering process is automated, allowing companies to save time and money. 
  
  How to use it: 
  To use peer-to-peer tendering, companies must first define the parameters of the tender, such as the type of service required, the delivery date, and any other requirements. Once these parameters are set, the system will generate a list of potential carriers that meet the criteria. Companies can then compare offers from different carriers and select the one that best meets their needs. 
  
  Tips & Tricks: 
  When creating a tender, it is important to be as specific as possible about the requirements. This will help ensure that only carriers that can meet those requirements are included in the list of potential carriers. Additionally, it is important to consider factors such as cost, reliability, and customer service when selecting a carrier. 
  
  Related Information: 
  SAP Transportation Management also includes features such as freight cost management, route optimization, and shipment tracking. These features can help companies reduce costs and improve efficiency in their transportation operations. Additionally, SAP TM integrates with other SAP solutions such as SAP S/4HANA and SAP ERP to provide a comprehensive view of transportation operations.