What is Request for Quotation in SAP MFG-DM-MN - Manufacturing Network?

SAP Term: Request for Quotation

• Component: MFG-DM-MN

• Component Name: Manufacturing Network

• Description: An app that enables the user to create requests for quotation and send them to an integrated ERP system.

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• Key Concepts: 
  Request for Quotation (RFQ) is a feature of the Manufacturing Network component of SAP that allows customers to request quotes from suppliers for goods and services. The RFQ process is initiated by the customer, who provides details about the product or service they are looking for, including quantity, delivery date, and any other relevant information. The supplier then responds with a quote that includes pricing and other details. 
  
  How to use it: 
  To initiate an RFQ in SAP, customers must first create a request document in the system. This document contains all the necessary information about the product or service being requested, including quantity, delivery date, and any other relevant information. Once the request document is created, it is sent to suppliers who can then respond with a quote. The customer can then review the quotes and select the one that best meets their needs. 
  
  Tips & Tricks: 
  When creating an RFQ in SAP, it is important to provide as much detail as possible about the product or service being requested. This will help ensure that suppliers are able to provide accurate quotes and that customers are able to make an informed decision when selecting a supplier. Additionally, it is important to keep track of all RFQs in the system so that customers can easily review them and select the best option. 
  
  Related Information: 
  The Manufacturing Network component of SAP also includes features such as supplier management, inventory management, and order management. These features can be used in conjunction with RFQs to ensure that customers are able to efficiently manage their supply chain and get the best value for their money. Additionally, SAP offers a variety of tools and resources to help customers better understand how to use its features and get the most out of their investment.