What is price RFx response in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: price RFx response

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: The part of an RFx response submitted by a supplier that contains price information.

Smart SAP Assistant

• Key Concepts: 
  Price RFx response is a feature of the PSM-GPR Procurement for Public Sector component of SAP. It allows public sector organizations to create and manage requests for quotations (RFx) and receive responses from suppliers. The responses are then evaluated and compared to determine the best price for the goods or services requested. 
  
  How to use it: 
  To use the Price RFx response feature, an organization must first create an RFx document. This document should include all relevant information about the goods or services being requested, such as quantity, delivery date, and payment terms. Once the RFx is created, it can be sent to potential suppliers. Suppliers can then submit their responses, which can be evaluated and compared to determine the best price. 
  
  Tips & Tricks: 
  When creating an RFx document, it is important to include all relevant information so that suppliers can provide accurate responses. Additionally, it is important to set a deadline for responses so that suppliers have enough time to submit their offers. 
  
  Related Information: 
  The Price RFx response feature is part of the PSM-GPR Procurement for Public Sector component of SAP. Other features of this component include supplier management, contract management, and purchase order management.