What is request for quotation in SAP SCM-APO-SCC - Supply Chain Cockpit?

SAP Term: request for quotation

• Component: SCM-APO-SCC

• Component Name: Supply Chain Cockpit

• Description: Request, incorporating information on planned requirements, to one or more vendors to quote the quantities of a certain product that they can supply and the delivery dates that they are capable of adhering to. Often abbreviated to "RFQ". In contrast to conventional requests for quotations, an APO RFQ is not used to obtain pricing information.

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• Key Concepts: 
  Request for Quotation (RFQ) is a feature of the Supply Chain Cockpit (SCC) component of SAP Advanced Planning and Optimization (APO). It is used to create a request for a quotation from a vendor or supplier. The RFQ contains all the necessary information about the product or service that is being requested, including the quantity, delivery date, and any other relevant details. The vendor or supplier then responds with their own quotation, which can be accepted or rejected by the buyer. 
  
  How to use it: 
  To create an RFQ in SAP APO SCC, first select the “Create RFQ” option from the main menu. Enter all the necessary information about the product or service being requested, including the quantity, delivery date, and any other relevant details. Once all the information has been entered, click “Submit” to send the RFQ to the vendor or supplier. 
  
  Tips & Tricks: 
  When creating an RFQ in SAP APO SCC, it is important to provide as much detail as possible about the product or service being requested. This will help ensure that vendors and suppliers are able to provide accurate quotations. Additionally, it is important to keep track of all RFQs that have been sent out and their corresponding responses. This will help ensure that all quotations are responded to in a timely manner. 
  
  Related Information: 
  For more information on using SAP APO SCC’s Request for Quotation feature, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/SAP_APO_SCC/latest/en-US/f9f8d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f3d7a2b3e14c8a9f4/.