What is RFQ Request in SAP (AP-RFQ - SRM RFQ Processing)?

SAP Term: RFQ Request

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A request to the purchasing department to prepare a request for quote.

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• Key Concepts: 
  RFQ Request is a component of SAP SRM (Supplier Relationship Management) that allows users to create and manage requests for quotations (RFQs). It enables users to create RFQs, send them to suppliers, receive responses, and compare offers. It also allows users to track the status of the RFQs and manage the entire process from start to finish. 
  
  How to use it: 
  To use the RFQ Request component, users must first create an RFQ document. This document contains all the necessary information about the request, such as the item description, quantity, delivery date, and payment terms. Once the document is created, it can be sent to suppliers via email or other communication channels. Suppliers can then respond with their offers. 
  
  Users can then compare the offers and select the best one. Once a supplier is selected, users can track the status of the RFQ and manage any changes that may occur during the process. 
  
  Tips & Tricks: 
  When creating an RFQ document, it is important to provide as much detail as possible. This will help ensure that suppliers are able to provide accurate offers and that there are no misunderstandings during the process. Additionally, it is important to keep track of all communications with suppliers in order to ensure that all parties are on the same page throughout the process. 
  
  Related Information: 
  For more information about SAP SRM and its components, please visit https://www.sap.com/products/supplier-relationship-management.html