Once an RFQ is submitted, the customer may call you before the quote is prepared to say that they no longer need a response. In these cases, it is necessary to cancel the "In Progress" RFQ to keep your quote team from continuing to spend time working on it.
CalcuQuote allows you to cancel the in progress RFQ, which then terminates any related workflow tasks and discounts it from consideration in the win ratio calculations.
Once an RFQ is canceled, it cannot be brought back. If you need to re-activate the RFQ again, then you will need to Clone it or copy the information from the canceled quote into a live quote.