RFQ and Quotation (MM-PUR-RFQ)

Purpose
You use this component if you wish to manage and compare requests for quotation (RFQs) issued to
vendors and the quotations submitted by the latter in response to them.
Features
In Purchasing, the RFQ and the quotation form a single document. Prices and conditions quoted by
vendors are entered in the original RFQ. If you have issued an RFQ to several vendors, you can have
the system determine the most favorable quotation submitted and automatically generate letters of
rejection to the unsuccessful bidders. You can also store the prices and terms of delivery from certain
quotations in an info record for future accessing.
RFQs can be subject to a release procedure.