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Answer Posted / phani
There are three types of quotations and RFQs that come with
Purchasing by default:
Catalog: Used for high-volume items or items for which your
supplier sends you information regularly. A Catalog
quotation or RFQ also includes price breaks at different
quantity levels.
Standard: Used for items you'll need only once or not very
often, but not necessarily for a specific, fixed quantity,
location, and date. For example, you could use a Catalog
quotation or RFQ for office supplies, but use a Standard
quotation or RFQ for a special type of pen you don't order
very often. A Standard quotation or RFQ also includes price
breaks at different quantity levels.
Bid: Used for a specific, fixed quantity, location, and
date. For example, a Bid would be used for a large or
expensive piece of equipment that you've never ordered
before, or for an item that incurs transportation or other
special costs. You cannot specify price breaks for a Bid
quotation or RFQ.
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