What is awarded in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: awarded

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status indicating that a supplier quote has been determined to be a winning bid.

Smart SAP Assistant

• Key Concepts: 
  Awarded is a term used in SAP SRM RFQ Processing. It refers to the process of selecting a vendor to fulfill a request for quotation (RFQ). The vendor is chosen based on criteria such as price, quality, and delivery time. The awarded vendor is then notified of their selection and can begin the process of fulfilling the RFQ. 
  
  How to use it: 
  In SAP SRM RFQ Processing, the awarded process begins when an RFQ is created. The RFQ is then sent out to potential vendors who can submit their bids. Once all bids have been received, the system will compare them and select the vendor that best meets the criteria. The awarded vendor will then be notified and can begin fulfilling the RFQ. 
  
  Tips & Tricks: 
  When selecting an awarded vendor, it is important to consider all criteria such as price, quality, and delivery time. It is also important to consider any additional requirements that may be specified in the RFQ. Additionally, it is important to ensure that all vendors are given a fair chance to submit their bids before making a selection. 
  
  Related Information: 
  For more information on SAP SRM RFQ Processing, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use SAP SRM RFQ Processing.