Request For Quotation (RFQ)
• It is an Invitation to Vendor for providing Quotation (bid or tender) for supplying the material.
• You should have suitable vendors for the RFQ
• You should enter the dead lines for submission of Quotation
• RFQ is 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 filling up the item details and schedule lines for the materials system determines the address from the vendor master record
RFQ can be entered
• By Manually
• With respect to Out-line agreement
• With respect to PR (using reference technique)
• By another RFQ (copying of existing RFQ using reference technique)
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When RFQ required?
• When you identify a New Vendor
• When first time you go for project
• When a gap between procurement is very long
• Upon expiry of contract
• For New Material / Services
• You cannot enter an account assignment in RFQ only 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 deliver schedule with no of schedule lines in which total quantity is broken down in to smaller quantities to be delivered on a specific dates over 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)