| | Requests for QuotationWith the request for quotation (RFQ) procedure, you can send RFQs
to bidders for the procurement of goods. On an RFQ, information regarding
items, quantities, and required receipt dates can be specified. You can send
the RFQ to one or a range of bidders based on the approved source list. After receipt of the RFQ responses,
the results can be negotiated, compared, and ranked. An accepted response can
be copied to a purchase contract, a purchase order, or a supplier price book. RFQs can be generated from planned orders, requisitions, or
purchase contracts. They can also be manually specified. The request for quotation (RFQ) procedure includes the creation and communication of the RFQs to the
appropriate bidders, and the receipt, negotiation, comparison, and selection of
the bidders' responses. You can compare and rank response lines based on objective and subjective criteria specified for the RFQ criteria set. No criteria set is required if you perform the comparison and
ranking only based on prices and amounts. If an RFQ criteria set is used, criteria scores are calculated
when comparing the response lines. Response lines can be ranked based on the total (citeria)
score and the price of the lines. Next, you can select the best responses for
conversion. A number of processes do not always occur in the RFQ procedure,
but can be used optionally, such as landed costs on RFQs, printing RFQ
reminders, printing letters for unsuccessful bidders, viewing, printing, and
deleting RFQ history. In case of operation subcontracting, requests for quotation (RFQs) can include subcontracted service items, or Purchased and Manufactured items with linked material supply
information. These RFQs can be manually specified, or can be generated from a
purchase requisition with a linked routing operation or production order. In case of service subcontracting, RFQs can include Cost or Service items, or Purchased or Manufactured items with linked material supply
information. These RFQs can be generated from a purchase requisition with a
linked work order or service order. Supplier stage payments enable customers to
pay suppliers before or after the ordered goods are actually received for a
purchase order. The payments are spread over a period of time and the amounts
must be paid to the supplier on specific dates. The purchase order item's
invoice flow is separated from its goods flow. On the RFQ response, you can
specify the stage payment lines, which can be copied to the purchase order line
during conversion. To identify costs, demand, and supply for a project, you can
peg project costs for RFQ lines.
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