Requests for Quotation 

Purpose

To be able to calculate a quotation price, you require, amongst other things, the price of the components that have to be procured externally.

The request for quotation can be illustrated by using a boiler as an example. You collect quotations and choose a vendor.

Process Flow

  1. Determining a Delivery Date

    2. You have to make a note in the project of the requirement date calculated by scheduling.

  2. Create MM Request for Quotation

Create a request for quotation (RFQ) in purchasing. Assign a collective number to the request for quotation. The collective number helps you when you want to assign requests for quotations to bid invitations. You enter the collective number once and the system then copies it for every request for quotation that you create for a bid invitation.
  1. Create MM Quotation

After you have collected the quotations from the different vendors, enter them in the system using the collective number.
  1. Comparing Prices

Then you compare the prices and decide on one of the vendors. To do this, you use the price comparison list to compare the prices of all the quotations in your collective request for quotations. The quotations are listed in this price comparison list as items in ascending/descending order.
  1. Assigning Materials in a Project

So that complete data is available for costing purposes, the materials for the boiler have to be assigned to the appropriate activity and be assigned the price demanded by your chosen vendor.
  1. Costing

You can cost your project using the data that is updated in the project.