What is freight agreement RFQ in SAP TM - Transportation Management?

SAP Term: freight agreement RFQ

• Component: TM

• Component Name: Transportation Management

• Description: An individual business document a shipper or logistics service provider sends to a carrier asking the carrier to bid for the provision of future transportation services in a trade lane for a defined period of time.

Smart SAP Assistant

• Key Concepts: 
  A freight agreement Request for Quotation (RFQ) is a process in SAP Transportation Management (TM) that allows customers to request quotes from multiple carriers for a specific shipment. The customer can then compare the quotes and select the most suitable one. The RFQ process is used to negotiate the best possible rate for a shipment, and can be used for both domestic and international shipments. 
  
  How to use it: 
  The freight agreement RFQ process in SAP TM is initiated by creating an RFQ document. This document contains all the necessary information about the shipment, such as origin and destination, weight, volume, etc. Once the RFQ document is created, it is sent to multiple carriers who can then submit their quotes. The customer can then compare the quotes and select the most suitable one. 
  
  Tips & Tricks: 
  When creating an RFQ document, make sure to include all relevant information about the shipment so that carriers can provide accurate quotes. Additionally, it is important to provide a reasonable deadline for carriers to submit their quotes so that you can make a timely decision. 
  
  Related Information: 
  For more information on freight agreement RFQs in SAP TM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_TM/9.6/en-US/f3f8d7a2b3e14c8a9f7d5b2c9f1e4d6a.html