You create an RFQ either manually or by referencing an already existing RFQ, requisition, or outline purchase agreement.

You specify which vendors are to receive the RFQ. A separate document is then created for each addressee.

You enter the prices and conditions set out in the quotation submitted by the vendor into the RFQ document.

You carry out a comparative appraisal of several vendor quotations by means of the price comparison list.

The individual quotations are compared item by item. The mean value quotation represents the average value of the individual quotes.

You can save the most favorable quotation in an info record and send rejection letters to unsuccessful bidders.

You can monitor the status of follow-on activities relating to the RFQ and quotation (e.g. a contract is set up or a purchase order issued).