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

SAP Term: freight agreement RFQ master

• Component: TM

• Component Name: Transportation Management

• Description: A business document, containing the transportation requirements of a shipper or logistics service provider LSP for a specific future period, that the shipper or LSP uses to select a set of carriers to fulfill the transportation requirements.

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• Key Concepts: 
  A freight agreement RFQ master is a component of SAP Transportation Management (TM). It is used to create and manage freight agreements between a shipper and a carrier. The RFQ master contains all the necessary information for the shipper to create a Request for Quotation (RFQ) to send to carriers. This includes the shipment details, such as origin, destination, and cargo type, as well as any special requirements or preferences. 
  
  How to Use it: 
  The RFQ master is used to create an RFQ that can be sent to carriers. The shipper can enter all the necessary information into the RFQ master, including the shipment details and any special requirements or preferences. Once the RFQ is created, it can be sent to carriers for them to respond with their quotes. The shipper can then compare the quotes and select the best one for their needs. 
  
  Tips & Tricks: 
  When creating an RFQ, it is important to include all relevant information so that carriers can provide accurate quotes. This includes details such as origin, destination, cargo type, and any special requirements or preferences. Additionally, it is important to provide a clear timeline for when carriers need to respond with their quotes. 
  
  Related Information: 
  SAP Transportation Management (TM) is a comprehensive solution for managing transportation operations. It provides tools for creating and managing freight agreements, tracking shipments in real-time, and optimizing routes and costs. Additionally, TM provides analytics capabilities that allow users to gain insights into their transportation operations.