What is 'rejection status' in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

rejection status - Overview

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A status that indicates whether a buyer has accepted or rejected an item in a submitted quote.

rejection status - Details

• 
  Key Concepts: 
  Rejection status is a feature in SAP SRM-Sourcing and Contracting that allows users to reject a contract or purchase order. This feature is used to indicate that the contract or purchase order is not accepted and should not be processed. 
  
  How to use it: 
  To reject a contract or purchase order, the user must first select the document in the SAP SRM-Sourcing and Contracting application. Then, they must select the “Reject” option from the menu. This will set the document’s status to “Rejected” and it will no longer be processed. 
  
  Tips & Tricks: 
  When rejecting a contract or purchase order, it is important to provide a reason for the rejection. This will help ensure that the document is not processed in the future and that any necessary changes can be made. 
  
  Related Information: 
  For more information on using the rejection status feature in SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation.