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

SAP Term: closed

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: Indicating that a request for quotation RFQ or a quote has been closed permanently, and that no further changes are possible. The quote status automatically switches to Closed when the corresponding request for quote has been closed.

Smart SAP Assistant

• Key Concepts: 
  Closed is a status in SAP SRM-Sourcing and Contracting that indicates that the sourcing process has been completed and no further changes can be made. This status is used to indicate that the sourcing process is finished and all relevant documents have been signed. 
  
  How to use it: 
  To set a sourcing process to closed, the user must first ensure that all relevant documents have been signed and all necessary information has been entered into the system. Once this is done, the user can select the “Close” option from the menu. This will set the status of the sourcing process to closed and no further changes can be made. 
  
  Tips & Tricks: 
  It is important to remember that once a sourcing process has been set to closed, no further changes can be made. Therefore, it is important to double-check all relevant information before setting a sourcing process to closed. 
  
  Related Information: 
  For more information on SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation.