What is customer quotation in SAP SD - Sales and Distribution?

SAP Term: customer quotation

• Component: SD

• Component Name: Sales and Distribution

• Description: An offer by a sales area to a customer for delivery of goods or services according to fixed conditions. The offer is legally binding for the company for a certain period of time. A customer quotation can refer to a business partner sales activity or it can be used by the sales area to reply to a customer inquiry.

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• Key Concepts: 
  A customer quotation is a document created in SAP Sales and Distribution (SD) that outlines the terms and conditions of a potential sale. It includes the customer's requested product or service, the quantity, the price, and any discounts or special offers. The customer quotation is used to provide an estimate of the cost of the goods or services to the customer. 
  
  How to use it: 
  In SAP SD, a customer quotation is created by entering the customer's requested product or service, quantity, price, and any discounts or special offers into the system. Once all of the information has been entered, the system will generate a customer quotation document that can be sent to the customer for review. 
  
  Tips & Tricks: 
  When creating a customer quotation in SAP SD, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that the customer receives an accurate estimate of the cost of their requested goods or services. Additionally, it is important to review any discounts or special offers that are included in the quotation before sending it to the customer. 
  
  Related Information: 
  For more information on creating customer quotations in SAP SD, please refer to SAP's official documentation on Sales and Distribution (SD). Additionally, there are many online resources available that provide step-by-step instructions on how to create a customer quotation in SAP SD.