What is submit for approval in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: submit for approval

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: An action used to check whether approval is necessary for a request for quote or a supplier quote. If it is, the action starts the approval workflow.

Smart SAP Assistant

• Key Concepts: 
  Submit for Approval is a feature in SAP SRM RFQ Processing that allows users to submit a Request for Quotation (RFQ) to an approver for review and approval. The approver can then accept or reject the RFQ, and the user will be notified of the decision. 
  
  How to use it: 
  To submit an RFQ for approval, the user must first create an RFQ in SAP SRM. Once the RFQ is complete, the user can select the “Submit for Approval” option from the menu. This will open a window where the user can select an approver and enter any additional comments or notes. Once the approver has been selected, the user can click “Submit” to send the RFQ for approval. 
  
  Tips & Tricks: 
  When submitting an RFQ for approval, it is important to make sure that all of the information is accurate and complete. This will help ensure that the approver can make an informed decision about whether or not to accept or reject the RFQ. Additionally, it is important to select an appropriate approver who has the authority to approve or reject the RFQ. 
  
  Related Information: 
  For more information about SAP SRM RFQ Processing, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/SRM/7.5/en-US.