What is Purchase Request Processing with RFQ Processing in SAP AP-PRP - SRM Purchase Request Processing?

SAP Term: Purchase Request Processing with RFQ Processing

• Component: AP-PRP

• Component Name: SRM Purchase Request Processing

• Description: The processing of purchase requests by creating RFQ requests in order to call for bids for the purchase request items.

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• Key Concepts: 
  Purchase Request Processing with RFQ Processing is a component of SAP SRM (Supplier Relationship Management) that enables organizations to streamline their procurement process. It allows users to create and manage purchase requests, send out requests for quotations (RFQs) to suppliers, and compare and evaluate the responses received. The component also provides the ability to track the status of purchase requests and RFQs, as well as manage supplier contracts. 
  
  How to Use it: 
  To use Purchase Request Processing with RFQ Processing, users must first create a purchase request in SAP SRM. This can be done by entering the required information such as the item description, quantity, and delivery date. Once the purchase request is created, users can then send out an RFQ to suppliers. The suppliers can then respond with their quotations, which can be compared and evaluated in SAP SRM. 
  
  Tips & Tricks: 
  When creating a purchase request in SAP SRM, it is important to provide as much detail as possible about the item or service being requested. This will help ensure that suppliers are able to provide accurate quotations. Additionally, it is important to keep track of the status of each purchase request and RFQ in order to ensure that all requests are being processed in a timely manner. 
  
  Related Information: 
  For more information on Purchase Request Processing with RFQ Processing in SAP SRM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM/7.5/en-US.