Overview of RFQ handling
With 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.
RFQ master data
Before you can carry out the RFQ procedure:
- Select the Requests for Quotation check box in the Procurement Parameters (tdpur0100m000) session.
- Specify the RFQ parameters in the Request for Quotation Parameters (tdpur0100m100) session.
- Specify the purchase master data.
For more information, refer to:
- Item purchase data
- Purchase organizational data
- General purchase data
- Specifying criteria and criteria sets for RFQs
RFQ procedure
The RFQ procedure includes these processes:
- Creating and sending RFQs to bidders
- Receiving, negotiating, comparing, and selecting the bidders' responses.
For more information, refer to Request for quotation procedure.
RFQ additional processes
A number of processes do not always occur in the RFQ procedure, but can be applicable in specific situations.
For more information, refer to RFQs - additional processes.