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

SAP Term: decline

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: To refuse a submitted supplier quote, which then excludes it from the awarding process and from selection as a winning quote.

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• Key Concepts: 
  Decline is a term used in SAP SRM-Sourcing and Contracting to refer to the process of rejecting a bid or offer. This process is initiated by the buyer and can be done for a variety of reasons, such as the bid being too high, not meeting the buyer's requirements, or not being able to meet the timeline. 
  
  How to use it: 
  In order to decline a bid or offer in SAP SRM-Sourcing and Contracting, the buyer must first select the bid or offer they wish to reject. Once selected, they can then click on the “Decline” button which will initiate the decline process. The buyer will then be prompted to enter a reason for declining the bid or offer. Once this is done, the decline process is complete and the bid or offer will no longer be considered. 
  
  Tips & Tricks: 
  When declining a bid or offer in SAP SRM-Sourcing and Contracting, it is important to provide a detailed explanation of why it was declined. This will help ensure that all parties involved understand why the decision was made and can help avoid any potential disputes in the future. 
  
  Related Information: 
  For more information on declining bids and offers in SAP SRM-Sourcing and Contracting, please refer to SAP’s official documentation on the topic.