term auction help what is
Meaning of auction. What is it: based on predefined rules. The auction rules define the bidding.

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Definition auction

AUCTION title: auction (MP-APP-DPE) (SAP Library - Glossary)
AUCTION category: Dynamic Pricing Engine (MP-APP-DPE)
AUCTION explained:

Dynamic pricing mechanism that sets the price interactively based on predefined rules.

The auction rules define the bidding process, price movement (forward or reverse), the winner determination parameters, and the final price. Items can be listed for sale in a forward auction or to procure in a reverse auction. The auction setup is determined by the opening bid, reserve price, and bid increment or decrement.

More terms such as auction in Dictionary A.

Manual Allocation Rule Determination:
Help find a suitable allocation rule for a particular material. This requires one or more allocation rules to exist for the combination (base) material group/(base) plant group. If more than one auction definition.
Manual Audit Trail (PA-ER):
Help a candidate that is entered into the Knowledge Warehouse at certain points during an application process. Candidates can change their data at any time. By doing so, different datasets can exist auction explain.
Manual Accounting Variant:
Help Customizing entity that groups several accounting Customizing settings. You can assign an accounting variant to several accounting systems. This simplifies the process of creating new accounting auction what is.
Manual Action (SCM-APO-PPS-AHT):
Help within production planning or production control. An action can be executed either automatically by the system or manually by the user. With automated processing, the action is triggered by an event auction meaning.
Manual Alternative ID:
Help generally conforms to industry standards and can be used in business processes instead of the product ID or object ID. For example, ISBN, serial number, vehicle identification number (VIN auction abbreviation.
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