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

SAP Term: winning quote

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A quote that is determined as the most suitable quote in a bidding process. The winning quote can serve as a basis for the awarding of follow-on documents, for example, contracts or purchase orders.

Smart SAP Assistant

• Key Concepts: 
  Winning quote is a term used in SAP SRM-Sourcing and Contracting. It is the quote that is selected by the buyer as the winning bid for a particular sourcing event. The winning quote is the one that best meets the buyer’s requirements and offers the best value for money. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, buyers can create a sourcing event and invite suppliers to submit quotes. The buyer can then review all of the quotes and select the one that best meets their requirements and offers the best value for money as the winning quote. Once a quote has been selected as the winning quote, it can be used to create a purchase order or contract. 
  
  Tips & Tricks: 
  When selecting a winning quote, buyers should consider not only price but also other factors such as quality, delivery time, and payment terms. It is important to select a quote that offers the best overall value for money rather than just selecting the lowest price. 
  
  Related Information: 
  For more information on SAP SRM-Sourcing and Contracting, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM/7.5/en-US.