| Overview of RFQ handling |  |
| The request for quotation (RFQ) procedure enables you to send out RFQs to buy-from business partners with regard to the procurement of goods. When an RFQ is created, information regarding items, quantities, and required receipt dates is defined. The created RFQ can then be sent to one or a range of buy-from business partners based on the approved source list. When buy-from business partners respond, their results can be compared with objective and subjective criteria. When a decision to purchase is made, the accepted RFQ 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 created manually. RFQ master data Before you can carry out the RFQ procedure, you must define the purchase master data. For details, refer to: Purchase item data Purchase organizational data General purchase data You must also define the RFQ parameters in the Request for Quotation Parameters (tdpur0100m100) session. RFQ procedure The RFQ procedure consists of the following processes: The creation and communication of the RFQs to the appropriate business partners. The receipt, comparison, and selection of the business partner quotations. 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. Related topics Purchase item data Purchase organizational data General purchase data Request for quotation procedure RFQs - additional processes |