Request For Quotation (RFQ) In SAP MM

Request For Quotation (RFQ)

• It is an Invitation to Vendor for providing a Quotation (bid or tender) for supplying the material.
• You should have suitable vendors for the RFQ
• You should enter the deadlines for submission of the Quotation
• RFQ is the same as PR, but it has a collective number [It is a 10-digit code used for the system automatically picks all the relative quotations for a particular material. It is used in Header]
• When you fill-up the item details and schedule lines for the materials system determine the address from the vendor master record

RFQ can be entered

• By Manually
• With respect to the Out-line agreement
• With respect to PR (using reference technique)
• By another RFQ (copying of existing RFQ using reference technique)

When is RFQ required?

• When you identify a New Vendor
• When the first time you go for a project
• When a gap between procurement is very long
• Upon the expiry of the contract
• For New Materials / Services
• You cannot enter an account assignment in RFQ only the item category will be maintained.

RFQ Consists of:

Header - General information on RFQ like Vendor’s address  

Item - Total Quantities and Delivery Dates for Materials  

Schedule lines - An Item of Quotation may contain a delivery schedule with no schedule lines in which the total quantity is broken down into smaller quantities to be delivered on specific dates over a certain period.

IMG setting for Request for Quotation (RFQ)

• Define Number Ranges (OMH6) Define Document Types (SPRO) Release Procedure for RFQso
• Edit Characteristics (CT04)
• Edit Classes (CL02)
• Define Release Procedure for RFQs (SPRO)
• Check Release Strategies (OMGSCK)

To get In-Depth Knowledge Click Here:

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