What is 'vendor quote' in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

vendor quote - Overview

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: A quote that has been received by the company for submission to the customer. For some materials or components, the company that has received a request for quotation RFQ must also engage with the supply chain in order to get the most recent prices. These vendor quotes must be considered and incorporated into the final quote made to the customer.

vendor quote - Details

• 
  Key Concepts: 
  A vendor quote is a document that is created by a vendor and sent to a customer in response to a request for quotation (RFQ). It contains the vendor's offer for the requested goods or services, including pricing, delivery terms, and other conditions. The customer can then accept or reject the quote. 
  
  How to use it: 
  In SAP xCQM, vendors can create quotes using the Quote Management module. This module allows vendors to create quotes based on customer requests, enter pricing information, and submit the quote to the customer. Customers can then review and accept or reject the quote. 
  
  Tips & Tricks: 
  When creating a vendor quote in SAP xCQM, it is important to ensure that all of the requested information is included in the quote. This includes pricing information, delivery terms, payment terms, and any other conditions that may apply. Additionally, it is important to make sure that all of the information is accurate and up-to-date. 
  
  Related Information: 
  For more information about SAP xCQM and how to use it to create vendor quotes, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP xCQM for creating vendor quotes.