What is supplier quote awarding status in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: supplier quote awarding status

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: A status variable indicating whether a supplier quote has been determined to be a winning quote.

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• Key Concepts: 
  Supplier quote awarding status is a component of SAP's SRM RFQ Processing module. It is used to track the status of a supplier's quote in the RFQ process. This includes whether the quote has been accepted, rejected, or is still pending. 
  
  How to use it: 
  The supplier quote awarding status can be used to monitor the progress of an RFQ process. It can be used to determine which suppliers have been accepted or rejected, and which quotes are still pending. This information can then be used to make decisions about which suppliers should be awarded the contract. 
  
  Tips & Tricks: 
  It is important to keep track of the supplier quote awarding status in order to ensure that the RFQ process is running smoothly. This will help to ensure that all suppliers are treated fairly and that the best supplier is chosen for the contract. 
  
  Related Information: 
  The supplier quote awarding status is part of SAP's SRM RFQ Processing module. Other components of this module include supplier selection, supplier evaluation, and contract award. All of these components work together to ensure that the best supplier is chosen for a contract.