Unapproved: The document has not yet been sent for approval.
Waiting for Approval: The document is waiting for approval from the employee identified in the Approval required from box.
Approved: The document has been approved and no further approval is required.
Approval Not Required: Documents of this type are not required to go through an approval process.
Approval Rejected: The last person to review the document did not approve it.

In planning: The RFQ has this status until it is sent to all suppliers.
Waiting for bids: The RFQ has this status after it has been sent to all suppliers, and before all of the supplier bids have been entered.
All bids received: The RFQ has this status after all supplier bids have been entered.
Closed: The RFQ has this status after it has been awarded to the winning supplier or suppliers.
Cancelled: The RFQ has this status if a user has cancelled the RFQ.