What is the difference between the terms RFQ, RFI, and RFP in SAP MM?
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What is the difference between the terms RFQ, RFI, and RFP in SAP MM?
Answer
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When an invoice is processed, then RFI assembles sellers’ information, RFQ gets the best price for the whole project while RFP creates the best project.
In the case of the status of the solution, RFI doesn’t define anything, RFQ defines the details and project clearly, while RFP understands the entire situation.
Moreover, RFI offers information about the sellers, RFQ provides the statement of work regarding a project, while RFP defines pricing details.
