A request for price is very similar to a sales quotation. It is a transaction that allows a potential buyer/customer to view the cost involved in purchasing specific services or products. It is generally used by suppliers or resellers to begin a business transaction.
Request For Price Transaction provides you the following information:
Request For Price has no accounting and inventory impact.
Request For Price can be created via Stand-alone / Individual Request For Price – for more information, click Creating Stand-alone Request For Price.