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Author's profile photo Reema Jose

Sourcing Project: Bidder Support and Price Simulation

Product sourcing now offers improved visibility to bidders in the source-to-pay cycle. Previously, it was only possible to add business partners with the role “Supplier” to a supplier list that is used in a sourcing project. Now, purchasers can also add business partners with the role “Bidder” to such a supplier list. Apart from that, purchasers can now simulate the pricing for sourcing transactions.

Bidder support in the sourcing project

Formerly, only suppliers who had the role “Supplier” assigned to them could participate in a bidding process and submit quotations for published sourcing requirements. Suppliers who only had the role “Bidder” assigned to them could not participate in these processes. Though not recognized as suppliers, bidders can now be added to the supplier list, which is a list of suppliers that your company advises you to use for the sourcing processes. Additionally, bidders can submit quotations to meet a company’s sourcing requirements. Within the sourcing project, a central purchaser can view a supplier quotation that was submitted by the bidder for a published sourcing project. However, if the most suitable supplier quotation was submitted by a bidder, the purchasing company will need to run the relevant processes and maintain the bidder as a supplier in the relevant master data.
You can assign the role “Bidder” or “Supplier” to a business partner in the application ‘Manage Business Partner Master Data’.

Feature Demo:

 

Simulate price for supplier quotation

Suppliers can simulate prices for quotations, based on a ‘Condition Type’ that pricing in a supplier quotation is based on. This feature helps the user try out different scenarios to find out the best one. For instance, to the supplier, the simulate feature fetches the requested price and its components for the specified quantity of an item. The supplier can access the feature in the application ‘Supplier Managed Sourcing Projects’.

Feature Demo:

 

The above was a brief summary of how features like bidder support in sourcing project and price simulation for the supplier, work in the sourcing project. Feel free to give your feedback or share questions in the comments section below.

Additionally, you can write to, or post your questions in the forum:

Souring & Procurement Community Page – Ask a question.

This blog was written with inputs from Kandasami Pirahalathan, Azharuddin Mohammed and Ponshankar Subramaniam.

 

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