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

SAP Term: Quotes

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A work center view where quotes that have been submitted in response to a request for quotation are listed. The quotes can be edited further and can be compared to competing quotes.

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• Key Concepts: 
  Quotes are documents created in SAP SRM-Sourcing and Contracting that contain the details of a proposed purchase. They include the item description, quantity, unit price, and delivery date. Quotes are sent to suppliers for review and acceptance. Once accepted, the quote becomes a purchase order. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, quotes can be created manually or automatically. To create a manual quote, navigate to the “Quotes” tab in the Sourcing and Contracting module. Enter the item description, quantity, unit price, and delivery date. Once complete, click “Save” to generate the quote. To create an automatic quote, select “Automatic Quote” from the “Quotes” tab. Enter the item description and quantity and click “Generate Quote” to create the quote. 
  
  Tips & Tricks: 
  When creating quotes in SAP SRM-Sourcing and Contracting, it is important to double-check all of the information before sending it to suppliers. Make sure that all of the details are accurate and up-to-date so that suppliers can make an informed decision about whether or not to accept the quote. 
  
  Related Information: 
  For more information on quotes in SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRM_SOURCING_AND_CONTRACTING/7.5/en-US