What is award in preparation in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: award in preparation

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status indicating that the buyer is currently preparing the determination of winning quotes.

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• Key Concepts: 
  Award in Preparation is a status in SAP SRM RFQ Processing that indicates that the supplier has been selected to receive an award, but the award has not yet been finalized. This status is used to indicate that the supplier has been chosen, but the details of the award have not yet been completed. 
  
  How to use it: 
  In SAP SRM RFQ Processing, when a supplier is selected to receive an award, the status of the RFQ will be changed to Award in Preparation. This indicates that the supplier has been chosen, but the details of the award have not yet been finalized. The user can then proceed to finalize the details of the award and complete the process. 
  
  Tips & Tricks: 
  When changing the status of an RFQ to Award in Preparation, it is important to ensure that all of the details of the award have been finalized before proceeding. This will ensure that there are no delays or issues with completing the process. 
  
  Related Information: 
  For more information on SAP SRM RFQ Processing, please refer to SAP's official documentation on their website.