What is submission in preparation in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: submission in preparation

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status indicating that the bidder is currently preparing the submission of a supplier quote. The quote has not been submitted yet, or it has been returned or withdrawn for clarification or correction.

Smart SAP Assistant

• Key Concepts: 
  Submission in preparation is a status in SAP SRM RFQ Processing that indicates that the supplier has started to create a response to the request for quotation (RFQ). The supplier can save the response as a draft and submit it later. 
  
  How to use it: 
  When a supplier receives an RFQ, they can click on the “Create Response” button to start creating their response. Once they have entered all the necessary information, they can save it as a draft and submit it later. The status of the response will be “Submission in Preparation” until the supplier submits it. 
  
  Tips & Tricks: 
  It is important to remember that the status of the response will remain “Submission in Preparation” until the supplier submits it. This means that the supplier can take their time to create a comprehensive response without worrying about missing any deadlines. 
  
  Related Information: 
  For more information about SAP SRM RFQ Processing, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SRM_RFQ_PROCESSING/7.5/en-US).