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

SAP Term: quote

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: An offer made by a supplier to an organization to supply materials or perform services under stated terms and conditions.

Smart SAP Assistant

• Key Concepts: 
  A quote in SAP SRM-Sourcing and Contracting is a document that contains the details of a proposed purchase from a vendor. It includes the item description, quantity, unit price, and any other relevant information. The quote is sent to the buyer for review and approval before the purchase is made. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, quotes are created by the buyer and sent to vendors for review. The vendor can then make changes to the quote as needed before submitting it back to the buyer for approval. Once approved, the quote is used to create a purchase order that is sent to the vendor. 
  
  Tips & Tricks: 
  When creating a quote in SAP SRM-Sourcing and Contracting, it is important to include all relevant information such as item descriptions, quantities, unit prices, and any other details that may be necessary for the purchase. This will ensure that the vendor has all of the necessary information to make an accurate quote. 
  
  Related Information: 
  For more information on quotes in SAP SRM-Sourcing and Contracting, please refer to the SAP Help Portal or contact your local SAP representative.