What is meant by RFQ?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the db number of a particular customer TCA?

932


I am created credit memo in at but while trying to complete it showing error message-hz_party_location

965


Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues

1264


Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.

1736


Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?

1957






Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

2566


explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.

2084


please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".

1746


1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?

3404


What is the use of hr: user type, while configure multiorg?

707


Substitute receipts and Unordered Receipts

2884


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

2014


I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.

1126


SLA usage ans how to define setups?

2174


Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

1784