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

SAP Term: close quote

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: To remove a quote permanently from the bidding process.

Smart SAP Assistant

• Key Concepts: 
  Close quote is a term used in SAP SRM-Sourcing and Contracting. It is the process of finalizing a quote in the system, which includes the acceptance of all terms and conditions by the supplier. Once a quote is closed, it cannot be changed or modified. 
  
  How to use it: 
  In order to close a quote, the buyer must first review all of the terms and conditions of the quote and accept them. Once accepted, the buyer can then click on the “Close Quote” button in the system. This will finalize the quote and make it unchangeable. 
  
  Tips & Tricks: 
  It is important to double-check all of the terms and conditions before closing a quote, as it cannot be changed afterwards. Additionally, it is important to ensure that all relevant stakeholders have reviewed and accepted the terms before closing the quote. 
  
  Related Information: 
  For more information on closing quotes in SAP SRM-Sourcing and Contracting, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/SRM/7.0/en-US/f9f8d3a2b6c14e8a9f3d7c2b5f9e4d1a.html