Capture of bids for procurement and workflow in SRM
I am new to SAP. I would like to ask which functionality in SRM can do the following:
1. Capture bids for procurement
2. Use workflow to automate the evaluation and approval of the bids received (Matching bid price against budgeted cost)
3. Use workflow to support the automatic routing of all submissions and evaluations for approvals in respect of u201CApproval to Negotiateu201D and u201CApproval to Awardu201D.
4. Segregate bids that meet or are lower than the budgeted cost from those that are in excess, marking the latter in different colour
5. Capture of all data, especially from the lowest bidder