Tuesday 11 November 2014

What is a ‘Quotation?

Answer


A ‘Quotation’ contains information relating to the price and other conditions for supply of a material or a service by a vendor, and is the vendor’s willingness to supply the same based on those conditions. You will be able to compare the data from quotations using a Price Comparison List and will help in identifying the most reasonable vendor for supply of that item(s). After you receive the quotations, you will typically enter the quotation data (pricing/delivery) in RFQ. The SAP system can easily be configured to automatically print ‘Rejections’ for vendors whose quotation are not selected.




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