- published: 22 Dec 2013
- views: 3231
RFQ is the initialism for a number of things:
Once a buy decision is made for a component, a potential source needs to be identified to get the part. A standard set of steps are followed for this process and a Purchase Requisition (PR) is floated from the concerned department. The PR needs should also be looked at for several points for its completeness.
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Request For Quotation RFQ with table Oracle Apps R12
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SAP Material Management (MM) Request for Quotation (RFQ) Visit www.ilearningcampus.com for more documents Request for Quotation (RFQ) is an invitation to a vendor to submit a quotation listing the terms required for purchase of materials or services.Purchasing department invites quotations from sourcing vendors listing terms and conditions for supply of goods and/or services.An RFQ can be monitored and reminders can be sent to vendors, who do not submit their quote on a timely basis.