Request For Quotation (RFQ) In SAP MM

Request For Quotation (RFQ)

Request-for-quotation

• 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)

Interested in SAP MM Manager or SAP MM Training? Enroll now for FREE demo on SAP MM Training, 
explore SAP MM Training.

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)

“At TekSlate, we are trying to create high quality tutorials and articles, if you think any information is incorrect or want to add anything to the article, please feel free to get in touch with us at info@tekslate.com, we will update the article in 24 hours.”

0 Responses on Request For Quotation (RFQ) In SAP MM"

    Leave a Message

    Your email address will not be published. Required fields are marked *

    Support


    Please leave a message and we'll get back to you soon.

    3 + 5