What is Supplier Quote in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: Supplier Quote

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A response to a request for quote in which a bidder offers to sell goods and services to a buyer according to the requested criteria.

Smart SAP Assistant

• Key Concepts: 
  A Supplier Quote is a request for quotation (RFQ) sent to a supplier in SAP Supplier Relationship Management (SRM). It is used to solicit bids from suppliers for goods or services. The supplier can then respond with a quote, which can be accepted or rejected by the buyer. 
  
  How to use it: 
  In SAP SRM, the buyer creates a Supplier Quote and sends it to the supplier. The supplier then responds with a quote, which includes pricing and delivery information. The buyer can then review the quote and accept or reject it. 
  
  Tips & Tricks: 
  When creating a Supplier Quote, it is important to provide as much detail as possible so that the supplier can provide an accurate quote. Additionally, it is important to set clear deadlines for when the supplier must respond with their quote. 
  
  Related Information: 
  The AP-RFQ SRM RFQ Processing component of SAP SRM is used to manage Supplier Quotes. It includes features such as creating and sending quotes, tracking responses, and managing negotiations with suppliers.