Create Request For Quotation – A Summary of the Activity
This activity allows you to create a Request for Quotation, which generally initiates a fresh process of procurement of material from existing or new suppliers. The RFQ (Request for Quotation) is a document generated to elicit responses from various supplying parties primarily with regard to the cost of material. The Request has the details of the Items to be procured, corresponding required quantities and dates of requirement in terms of schedules, quality specifications, Payment terms, and other relevant details.
The RFQ can be raised with or without the reference to a Purchase Request. If the RFQ is created without referring to a Purchase Request, you can (to check whether the tone is to be in second or third person fashion) specify the details of the required Items. This activity also allows you to specify the required quantity details, schedule details, and quality specifications for the Items. A unique RFQ number is generated wherein the user can specify the suppliers to whom this RFQ will be sent. In cases where the RFQ has been created based on authorized PRs, the schedule and quality details are copied from the PRs to the RFQ line for the concerned item code.
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Create Request For Quotation |
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Item Details |
Viewing item related details. |
Specify Additional Details |
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Buyer Details |
Viewing Buyer related details. |