What is meant by RFQ?
- 4 Answers
- 10477 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suma
request for quotation. the purchase dep creating the rfq and
send to the supplier .
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / yogesh
RFQ terms is widely used in Purchasing context,it means
request for quotation . This is prepared to request
supplier to send his quotation for mentioned items and
quantities. Supplier send its quotation to buyer, which
buyer enters into application.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / kranthioracle
there are three types of rfq
standard rfq--- one time purchase
bid rfq --- when the items are less & cost is more
ex- diamond
catalog rfq --- when the items are more & cost is less
ex- nuts ,bolts, ect
if we enable rfq at the site level we cant riase a qfq from
that site.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / babitha.b
RFQ(Request for quotation) is an invitation to a vendor to
indicate his terms and condition (in particular his price)
for the supply of material or the provisions of a service
by submitting a quotation. As in the case of purchase
requisition,the RFQ identifies the material, quantity, and
delivery date.
3 types RFQ:
1.Standard RFQ: Created for one type of purchase item.
2.Catalog RFQ: Create for frequently order items.
3.Bid RFQ: Created for items where organization request to
deliver on a specific location,date,specific quantity.
| Is This Answer Correct ? | 1 Yes | 0 No |
Expalin TCA architecture, why it was introduced in R12?
What is Aging Periods?
AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?
Define the Multi Org ? What is difference between 11i and 12i Multi Org Structure ?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What is a Value set and types of value set?
What is UAT and where we can Apply ?
how to do bank reconciliation
Briefly list the steps for foreign currency journals?
How to transfer funds between your internal banks?
For what purpose use Mass Allocation In General Ledger. and what procedure to create mass allocation . can any body explain
What is the Role of As a functional Consultant. Can any Body help me out
Oracle Apps Technical 
