What is send request for quotation by in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: send request for quotation by

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: To choose the means of communication by which a request for quotation RFQ is sent to a bidder. For example, an RFQ can be sent by fax or by e-mail.

Smart SAP Assistant

• Key Concepts: 
  Send Request for Quotation (SRFQ) is a feature of SAP SRM-Sourcing and Contracting that allows buyers to create and send requests for quotations to suppliers. The SRFQ process enables buyers to quickly and easily compare supplier quotes and select the best one. 
  
  How to use it: 
  To use the SRFQ feature, buyers must first create a request for quotation document in SAP SRM-Sourcing and Contracting. This document contains all the necessary information about the goods or services that the buyer is requesting quotes for. Once the document is created, buyers can then send it to suppliers via email or other communication channels. 
  
  Tips & Tricks: 
  When creating a request for quotation document, it is important to include all relevant information about the goods or services being requested. This includes details such as quantity, delivery date, payment terms, and any other special requirements. Additionally, buyers should ensure that they provide clear instructions on how suppliers should respond to the request. 
  
  Related Information: 
  For more information on using the SRFQ feature in SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.