What is Opportunity / Customer Quote Processing at Supplier in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: Opportunity / Customer Quote Processing at Supplier

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: The processing of opportunities and customer quotes at supplier.

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• Key Concepts: 
  Opportunity / Customer Quote Processing at Supplier Component is a feature of SAP SRM (Supplier Relationship Management) that allows customers to request quotes from suppliers and manage the entire process from within the SAP system. This includes creating and sending out requests for quotes (RFQs), receiving and evaluating supplier responses, and selecting the best supplier for the job. 
  
  How to use it: 
  To use Opportunity / Customer Quote Processing at Supplier Component, customers must first create an RFQ in SAP SRM. This includes entering all relevant information such as product details, delivery date, payment terms, etc. Once the RFQ is created, it can be sent out to suppliers via email or other communication channels. Suppliers can then respond with their quotes, which can be evaluated by the customer in SAP SRM. The customer can then select the best supplier for the job and proceed with the purchase order. 
  
  Tips & Tricks: 
  When creating an RFQ in SAP SRM, it is important to provide as much detail as possible so that suppliers can provide accurate quotes. Additionally, customers should ensure that all relevant information is included in the RFQ such as payment terms, delivery date, etc. This will help ensure that suppliers are able to provide accurate quotes and that the customer is able to select the best supplier for the job. 
  
  Related Information: 
  SAP SRM also offers other features such as contract management, supplier performance management, and supplier collaboration. Additionally, SAP SRM integrates with other SAP modules such as Materials Management (MM) and Financial Accounting (FI). For more information on SAP SRM and its features, please refer to the official SAP documentation.