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Categories >> Software >> ERP CRM >> Oracle Apps >> Oracle Apps Financial
 
 


 

 
 Oracle Apps Technical interview questions  Oracle Apps Technical Interview Questions (485)
 Oracle Apps Financial interview questions  Oracle Apps Financial Interview Questions (594)
 Oracle Apps Manufacturing interview questions  Oracle Apps Manufacturing Interview Questions (51)
 Oracle Apps HRMS interview questions  Oracle Apps HRMS Interview Questions (77)
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 Oracle Apps AllOther interview questions  Oracle Apps AllOther Interview Questions (11)
Question
What is meant by RFQ?
 Question Submitted By :: Oracle-Apps-Financial
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
request for quotation. the purchase dep creating the rfq and
send to the supplier .
 
Is This Answer Correct ?    15 Yes 0 No
Suma
 
Answer
# 2
there are three types of rfq

standard rfq--- one time purchase
bid rfq --- when the items are less & cost is more
ex- diamond
catalog rfq --- when the items are more & cost is less
ex- nuts ,bolts, ect

if we enable rfq at the site level we cant riase a qfq from
that site.
 
Is This Answer Correct ?    11 Yes 1 No
Kranthioracle
 
 
 
Answer
# 3
RFQ terms is widely used in Purchasing context,it means
request for quotation . This is prepared to request
supplier to send his quotation for mentioned items and
quantities. Supplier send its quotation to buyer, which
buyer enters into application.
 
Is This Answer Correct ?    10 Yes 0 No
Yogesh
 
Answer
# 4
RFQ(Request for quotation) is an invitation to a vendor to
indicate his terms and condition (in particular his price)
for the supply of material or the provisions of a service
by submitting a quotation. As in the case of purchase
requisition,the RFQ identifies the material, quantity, and
delivery date.
3 types RFQ:
1.Standard RFQ: Created for one type of purchase item.
2.Catalog RFQ: Create for frequently order items.
3.Bid RFQ: Created for items where organization request to
deliver on a specific location,date,specific quantity.
 
Is This Answer Correct ?    1 Yes 0 No
Babitha.b
 

 
 
 
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