| # 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. Related topics Calculating total scores for criteria Ranking RFQ responses Request for quotation procedure 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 Purchase 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 item 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 If this field is set to No, the prices are outdated for the response line.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 Compare. 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). Related topics Landed costs – requests for quotation (RFQs) Currency currency 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. Related topics Landed costs – requests for quotation (RFQs) 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 Starts the RFQ Negotiations (tdpur1606m000) session. 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. |