Answers were Sorted based on User's Feedback
Answer / suma
request for quotation. the purchase dep creating the rfq and
send to the supplier .
|Is This Answer Correct ?||15 Yes||0 No|
Answer / yogesh
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 ?||11 Yes||0 No|
Answer / kranthioracle
there are three types of rfq
standard rfq--- one time purchase
bid rfq --- when the items are less & cost is more
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
|Is This Answer Correct ?||11 Yes||1 No|
Answer / babitha.b
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
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|
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