RFQ Compare Responses Based on Prices (tdpur1511m100)

Use this session to view the ranked response lines based on prices.

This session is displayed as a tab in the RFQ Compare Responses (tdpur1600m100) session.

Note

By default, the ranking of the lines is based on the Net Price for each line. You can change the ranking based on Net Bidder Price, or Net Purchase Price.

 

RFQ

A purchasing document that is used as a request to bidders to submit their terms, such as price, discount, delivery time, and payment terms for delivering a (quantity of a) product.

You can send the RFQ to several bidders. A bidder can submit an RFQ response for the specified items.

You can record the responses, negotiate, and compare the prices and discounts that are offered by different bidders.

An accepted response can be copied to a contract, an order, or a price book.

Position

The lines that include the item details in a request for quotation (RFQ), such as required quantity, time to be delivered, delivery warehouse and so on.

The item lines are sent to the bidder. The bidder can respond to each item individually and also offer alternatives for the required item.

Alternative

The request for quotation (RFQ) line's sequence number, which is greater than one if it includes an item that can be an alternative for the preferred item.

You must manually specify alternatives in the Request for Quotation Lines (tdpur1502m000) session.

Example

The sequence numbers defined in the current field, represent the RFQ lines in the most suitable alternative sequence. So, sequence number one represents the first preferable item that can be an alternative for the originally preferred item, sequence number two represents the second item that can be an alternative, and so on.

Item

In LN, the raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, sold, and so on.

An item can also represent a set of items handled as one kit, or exist in multiple product variants.

You can also define nonphysical items, which are not held in inventory but can be used to post costs or to invoice services to customers. The following are examples of nonphysical items:

  • Cost items (for example, electricity)
  • Service items
  • Subcontracting services
  • List items (menus/options)
Bidder

The bidder who sent the response line.

Score Actual

Indicates if the prices are actual for the response line.

If this field is set to No, the prices are outdated for the response line. On the appropriate menu of the RFQ Compare Responses (tdpur1600m100) session, click Recalculate Comparisons.

Rank based on Net Price

The rank number of the response line based on the Net Price.

Low prices imply high ranking.

Net Price

The net price including all landed costs (bidder and third party).

Currency

A generally accepted medium of exchange such as coins, treasury notes, and banknotes.

The following currency types are available in LN:

  • Home currency, which is used internally by companies to calculate costs, record budgets, and register tax amounts
  • Transaction currency, which is used in transactions with business partners, such as orders and invoices
Inventory Unit

The unit of measure in which the inventory of an item is recorded, such as piece, kilogram, box of 12, or meter.

The inventory unit is also used as the base unit in measure conversions, especially for conversions that concern the order unit and the price unit on a purchase order or a sales order. These conversions always use the inventory unit as the base unit. An inventory unit therefore applies to all item types, also to item types that cannot be kept in stock.

Rank based on Net Bidder Price

The rank number of the response line based on the Net Bidder Price.

Low prices mean high rankings.

Net Bidder Price

The net price including bidder landed costs for the response line.

Rank based on Net Purchase Price

The rank number of the response line based on the Net Purchase Price.

Low prices imply high ranking.

Net Purchase Price

The net price for the response line.

Status

The status of the response line.

Allowed values

RFQ Status

 

Convert to Order

Starts the Convert RFQs (tdpur1202m000) session in which you can convert the Accepted response line to a purchase order.

Convert to Contract

Starts the Convert RFQs (tdpur1202m000) session in which you can convert the Accepted response line to a purchase contract.

Convert to Pricebook

Starts the Convert RFQs (tdpur1202m000) session in which you can convert the Accepted response line to a supplier price book.

Only Accepted Responses

Displays and compares the response lines with the Accepted status.

Rank on Net Price

Ranks the response lines based on the Net Price.

Rank on Net Bidder Price

Ranks the response lines based on the Net Bidder Price.

Rank on Net Purchase Price

Ranks the response lines based on the Net Purchase Price.

Response

Starts the RFQ Responses (tdpur1506m000) session.

RFQ Negotiations
Accept

Sets the status of the response line to Accepted.

Reject

Sets the status of the response line to Rejected.

Reopen

Reopens a response line with the Accepted or Rejected status. The status is reset to Responded.