Introduction

A Purchase Quotation also known as Request for Quote (RFQ) is a request you send to one or more vendors asking them to provide specific information. This information is about their pricing, terms, and conditions regarding a purchase contract for a product they provide. Usually the pricing request is tiered, which means that as you purchase larger quantities of an item, the price per individual unit goes down. A vendor might also provide an additional discount when a specified total amount has been spent across all items purchased within a specified time frame.

The Purchase Quotation page is used to display and maintain a Trade or Non-Trade Purchase Quotation record.

Purchase Quotation Transaction provides you the following information:

• List of specific products and their corresponding quantities and unit of measure that have been purchased.
• List of corresponding Purchase Order that have been created and its status.
• Purchase Quotation Transaction Status.
• Purchase Quotation have hyperlinks to make navigation easier.

Purchase Quotation can be created in via Stand-alone / Individual Purchase Quotation – for more information, click Create Stand-alone Purchase Quotation .

Related Topics:

• Purchase Quotation Workflow
• Closing Purchase Quotation
• Printing Purchase Quotation
• Purchase Quotation Statuses