What is request for quotation rfq?

Answer Posted / sapsur123

rfq is request for quotation
we need to analyse materila price and quality at different vendors
we send quoations some vendors who provides that perticular material considring alll paramters lead time , capacity , quality and mainly price
after receving the quotations compare the quotaions and need to maintain best quotation which one is suitable vendor for us

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is sales order stock?

680


If you want to restrict a po to create quantity not more than 5 units then what will you do? What will be your approach?

755


Is material and vendor data available at all organizational levels?

825


What is the difference between mara and mark?

690


Explain why a 'material master' is divided into views?

632






Explain the 'storage location' in sap?

738


What is split valuation? When is it used?

676


What are some of the options available to transfer materials from one plant to another?

678


What is a ‘return delivery’?

816


What is an abc indicator?

675


Explain the 'purchasing organization' in sap?

753


What transaction code is used to convert planned orders (po) into requisitions in material requirement planning (mrp)?

708


Explain the 'valuation area' concept in mm?

646


please share me latest sap mm interview questions asked in different mnc

2156


Can you differentiate between a sto and standard purchase order at a glance? How?

694