Specifying the bid information for RFQ line

Use the Bid tab on the RFQ Response page to specify the bid information such as the delivery date, price and the price expiration date, for the Request For Quotation (RFQ) line.

Note:  You must accept the terms and conditions specified by the customer, using the I have read the Terms & Conditions and abide check box.
  1. Select RFQ > Console. The Console page is displayed.
  2. Click the View option corresponding to the RFQ Number for which a bid must be sent. The RFQ Response details page is displayed.
  3. Click on the Bid tab.
  4. Specify this information:
    Primary Bid
    If this check box is selected, the bid is considered as primary for the RFQ line.
    UOM Code
    The code of the unit of measure.
    Delivery Thru Date
    The date up to which the parts are required by the customer.
    Unit Price
    The price per unit of measure associated with the part.
    Delivery Date
    The date on which the part linked to the RFQ line is delivered.
    Quantity
    The quantity of the part for which the quote is sent.
    Note: You can modify the UOM only with the consent of the customer to avoid a mismatch in the UOM and obtain the appropriate bid value.
    Price Book
    The entity that stores the price information.
    Price Expiration Date
    The date up to which the part is available to the customer at the Price specified.
    Discount (%)
    The discount percentage applicable to the Price specified.
    Extended Price
    Extended amount after discounts is the net amount.
    Net Amount
    The total discount amount applicable to the RFQ line.
    Total Landed Cost
    It is the cost associated with shipping of the product.
    Net Price
    The total amount for the quantity of the part.

    Net Price = (Quantity * Price) - Discount Amount

    Total Bid
    The sum of Net Price and the landed costs associated with the RFQ line.

    Total Bid = Net Price + Landed Costs

    Note: You can communicate information with the buyer in the Comments section.
  5. Click Save or Publish.
    Note: 
    • You can agree to the buyer bid, using the No Bid option.
    • You can negotiate on the bid, using the Negotiate option.
    • You can award or reject the business with the supplier using the Award/Reject option.