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

SAP Term: canceled

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status indicating that the bidding process of a published request for quote has been terminated by the buyer or that a supplier questionnaire assessment has been canceled without any outcome.

Smart SAP Assistant

• Key Concepts: 
  Canceled is a status in SAP SRM RFQ Processing that indicates that the request for quotation (RFQ) has been terminated. This can occur when the RFQ is no longer needed or when the supplier has not responded to the RFQ within the specified timeframe. 
  
  How to use it: 
  In SAP SRM RFQ Processing, a user can cancel an RFQ by selecting the “Cancel” option from the RFQ menu. This will terminate the RFQ and set its status to “Canceled”. 
  
  Tips & Tricks: 
  When canceling an RFQ, it is important to provide a reason for the cancellation. This will help ensure that suppliers understand why their response was not accepted and can help prevent future misunderstandings. 
  
  Related Information: 
  For more information on SAP SRM RFQ Processing, please refer to the SAP Help Portal or contact your local SAP representative.