RFQs & Quotations

RFQs

Requisitions are bundled up together and purchasing department creates requests for quotation (RFQs) and send them out to vendors.

RFQs, like other documents in Procurement application have a form of header-lines. RFQ header represents an document/request that is sent to specific vendor on specific date. Lines of this RFQ contain bundled requisition lines - item, quantity and date.

RFQ line is linked with requisition line it was copied from.

Quotations

Once vendors send quotations for RQFs they are saved in the system in quotations and quotation_lines tables. This is done as a copy of RFQ that can be manually adjusted.

Quotation header represents a document sent by vendor. Each separate document/package and version is saved in a separate quotation header.

Quotation headers are linked with RFQ header. There can be more than one quotation header linked with RFQ header.