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

SAP Term: returned

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status indicating that a buyer has sent a supplier quote back to the bidder for further clarification.

Smart SAP Assistant

• Key Concepts: 
  Returned is a status in SAP SRM RFQ Processing that indicates that the request for quotation (RFQ) has been returned to the sender. This status is used when the RFQ is not accepted by the recipient, or when the recipient does not respond to the RFQ. 
  
  How to use it: 
  When a supplier receives an RFQ, they can either accept or reject it. If they reject it, they can set the status of the RFQ to “returned”. This will notify the sender that their RFQ was not accepted. 
  
  Tips & Tricks: 
  When setting an RFQ to “returned”, it is important to provide a reason for why it was rejected. This will help the sender understand why their RFQ was not accepted and can help them improve their future RFQs. 
  
  Related Information: 
  The “returned” status is part of SAP SRM RFQ Processing, which is a module of SAP Supplier Relationship Management (SRM). It is used to manage supplier relationships and ensure that suppliers are providing quality products and services.