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

SAP Term: sales 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 terms. The offer legally binds the company for a certain period of time. A sales quotation can refer to a partner sales activity or it can be used by the sales area to reply to a sales inquiry.

Smart SAP Assistant

• Key Concepts: 
  A sales quotation is a document created in the SAP Sales and Distribution (SD) component that outlines the terms of a potential sale. It includes information such as the customer, product, quantity, pricing, and delivery date. The sales quotation is used to provide customers with an estimate of the cost of goods or services before a sale is finalized. 
  
  How to Use it: 
  In SAP SD, sales quotations are created using the VA21 transaction code. This transaction code allows users to enter customer information, product details, pricing, and delivery dates. Once the quotation is created, it can be sent to the customer for review. If the customer accepts the quotation, it can be converted into a sales order using the VA22 transaction code. 
  
  Tips & Tricks: 
  When creating a sales quotation in SAP SD, it is important to ensure that all of the necessary information is included. This includes customer information, product details, pricing, and delivery dates. Additionally, it is important to double-check that all of the information entered is accurate before sending the quotation to the customer. 
  
  Related Information: 
  For more information on creating sales quotations in SAP SD, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_SD/6.0/en-US?q=sales+quotation&scope=CORE&language=en-US