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

supplier quote - Overview

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A response to a request for quotation RFQ in which a bidder offers to sell goods and services to a buyer according to the requested criteria.

supplier quote - Details

• 
  Key Concepts: 
  A supplier quote is a document that is sent by a supplier to a buyer in response to a request for quotation (RFQ). It contains the supplier's offer, including the price, delivery terms, and other conditions. The buyer can then accept or reject the quote. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, the supplier quote is created in the Supplier Quote application. The buyer can then review the quote and decide whether to accept or reject it. If accepted, the quote is converted into a purchase order. 
  
  Tips & Tricks: 
  When creating a supplier quote, make sure to include all relevant information such as pricing, delivery terms, and other conditions. This will help ensure that the buyer has all the necessary information to make an informed decision. 
  
  Related Information: 
  For more information on supplier quotes in SAP SRM-Sourcing and Contracting, please refer to the SAP Help Portal.