What is forwarding agreement quotation in SAP TM - Transportation Management?

SAP Term: forwarding agreement quotation

• Component: TM

• Component Name: Transportation Management

• Description: An individual business document a carrier receives from a shipper or logistics service provider LSP asking the carrier to bid for the provision of future transportation services in a trade lane for a defined period of time. The carrier then uses the forwarding agreement quotation to respond to the shipper or LSP with the carrier’s rates for the transportation services. A carrier can also proactively send its rates in a forwarding agreement quotation to a shipper or LSP.

Smart SAP Assistant

• Key Concepts: 
  A forwarding agreement quotation (FA Quotation) in SAP Transportation Management (TM) is a document that outlines the terms and conditions of a transportation service agreement between a shipper and a freight forwarder. It includes details such as the type of service, the cost of the service, and any additional fees or charges. The FA Quotation is used to negotiate the terms of the agreement and is typically signed by both parties before the service is provided. 
  
  How to use it: 
  In SAP TM, an FA Quotation can be created by selecting the “Create FA Quotation” option from the main menu. This will open a form where you can enter all of the relevant information about the service agreement, including the type of service, cost, and any additional fees or charges. Once all of the information has been entered, you can save the FA Quotation and send it to the freight forwarder for review and negotiation. 
  
  Tips & Tricks: 
  When creating an FA Quotation in SAP TM, it is important to make sure that all of the information is accurate and up-to-date. This will help ensure that both parties are in agreement on all of the terms and conditions before signing off on the agreement. Additionally, it is important to review any additional fees or charges that may be included in the agreement before signing off on it. 
  
  Related Information: 
  For more information about creating an FA Quotation in SAP TM, please refer to SAP’s official documentation on Transportation Management. Additionally, there are several online resources available that provide detailed tutorials on how to create an FA Quotation in SAP TM.