What is Manage Freight Agreement RFQ Masters in SAP TM - Transportation Management?

SAP Term: Manage Freight Agreement RFQ Masters

• Component: TM

• Component Name: Transportation Management

• Description: An app for a shipper or a logistics service provider to create and monitor freight agreement request for quotation RFQ masters.

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• Key Concepts: 
  Manage Freight Agreement RFQ Masters is a component of SAP Transportation Management (TM). It enables users to create and manage freight agreements and request for quotations (RFQs) with carriers. This component allows users to define the terms and conditions of the agreement, such as pricing, payment terms, and service levels. It also provides visibility into the status of the agreement and RFQs. 
  
  How to use it: 
  To use Manage Freight Agreement RFQ Masters, users must first create a freight agreement. This can be done by entering the details of the agreement, such as pricing, payment terms, and service levels. Once the agreement is created, users can then create an RFQ for carriers to respond to. The RFQ will include the details of the agreement and any other relevant information. Once the carriers have responded to the RFQ, users can then review and compare their responses before selecting a carrier. 
  
  Tips & Tricks: 
  When creating a freight agreement, it is important to ensure that all relevant details are included in order to ensure that carriers are able to provide accurate responses to the RFQ. Additionally, it is important to review all responses carefully before selecting a carrier in order to ensure that the best option is chosen. 
  
  Related Information: 
  For more information on Manage Freight Agreement RFQ Masters, please refer to SAP’s official documentation on Transportation Management (TM). Additionally, there are many online resources available that provide further information on this component of TM.