Create Quotation – A Summary of the Activity

This activity allows you to create Quotation. Quotation is a document sent by a supplier to a prospective buyer indicating the prices of material or services being sold by him. Quotation is generally a document that is sent as a response to a RFQ which is sent to the supplier by the buyer. The actual procurement process would be started based on this quotation and through further negotiations end in the order and subsequent delivery of goods.   In cases where a RFQ document has been sent to multiple suppliers, there would be multiple quotations, one per supplier, received and recorded in the system. These quotations, if favorable, can then be referred in purchase orders.

Getting familiar with the pages inside