| # Request for quotations With the request for quotation (RFQ) procedure, you can send RFQs to buy-from business partners for the procurement of goods. On an RFQ, information regarding items, quantities, and required receipt dates can be specified. The created RFQ can be sent to one or a range of buy-from business partners based on the approved source list. After receipt of the buy-from business partners' responses, the results can be compared with objective and subjective criteria based on which a purchasing decision can be made. An 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 manually specified. Request for quotation procedure The request for quotation (RFQ) procedure includes the creation and communication of the RFQs to the appropriate business partners, and the receipt, comparison, and selection of the business partner quotations. Calculating total scoring values per criterion If you sent RFQs to buy-from business partners, you can rank the quotations that you get back from the buy-from business partners to decide from which buy-from business partner you will purchase. Before you can rank the quotations, ERP Enterprise must calculate the scoring values for each quotation. The procedure for calculating the total scoring value for each criterion includes several steps. Ranking quotations Quotations are ranked based on the total scoring values for buy-from business partners. Additional processes The following processes do not always occur in the RFQ procedure, but can be used optionally: printing RFQ reminders, printing letters for unsuccessful bidders, viewing, printing, and deleting RFQ history. Project pegging - Procurement To identify costs, demand, and supply for a project, you can peg project costs for RFQ lines. |