What is canceled in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: canceled

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: Indicating that the bidding process for a published request for quotation RFQ has been terminated.

Smart SAP Assistant

• Key Concepts: 
  Canceled is a status in SAP SRM-Sourcing and Contracting that indicates that a document has been terminated. This status is used to indicate that the document is no longer valid and cannot be used for any further processing. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, the canceled status can be set manually by the user or automatically by the system. To manually set the canceled status, the user must select the document in question and then select the “Cancel” option from the menu. The system will then set the canceled status for the document. 
  
  Tips & Tricks: 
  When setting the canceled status for a document, it is important to ensure that all related documents are also set to canceled. This will ensure that no further processing can be done on any of the documents associated with the canceled document. 
  
  Related Information: 
  The canceled status can also be used in other SAP modules such as SAP MM (Materials Management) and SAP SD (Sales and Distribution). In these modules, the canceled status is used to indicate that a document has been terminated and cannot be used for any further processing.