What is opening date and time in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: opening date and time

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: The date and time as of which supplier quotes submitted for a request for quote are displayed for the buyer and can be used for evaluation purposes.

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• Key Concepts: 
  Opening date and time is a feature in SAP SRM RFQ Processing that allows users to set a specific date and time for when a request for quotation (RFQ) will be opened. This feature allows users to control when the RFQ is available for suppliers to view and respond to. 
  
  How to use it: 
  To use the opening date and time feature, users must first create an RFQ in SAP SRM. Once the RFQ is created, users can set the opening date and time by selecting the “Opening Date & Time” field in the RFQ. Users can then enter the desired date and time for when the RFQ should be opened. 
  
  Tips & Tricks: 
  It is important to note that the opening date and time feature only applies to RFQs that are sent out electronically. If an RFQ is sent out via mail or fax, then the opening date and time will not be applicable. 
  
  Related Information: 
  For more information on how to use the opening date and time feature in SAP SRM, please refer to the SAP Help Portal at https://help.sap.com/viewer/product/SRM/7.0/en-US.