Request For Quote
Represents a request sent to one or more vendors for pricing.
The Request For Quote business object represents a request sent to one or more vendors for pricing. It provides a central place to track the vendor, request and response dates, currency, status, line items, and notes.
Description
Use the Request For Quote object to request pricing from vendors before issuing a purchase order. It can connect the request to a vendor, define the items being quoted through RFQ lines, track the request and response due dates, and monitor the request status.
Included Fields
Request For Quote
- RFQ ID
- Status
- Request Date
- Response Due Date
- Currency
Vendor
- Vendor Reference
- Vendor Name
Quote Details
- RFQ Line
Other
- Notes
Common Uses
- Vendor Pricing Requests: Request pricing from vendors for goods or services.
- Sourcing: Collect vendor pricing before selecting a supplier.
- Quote Deadlines: Track request dates and response due dates.
- Line Item Requests: Define the items and quantities included in the RFQ.
- RFQ Tracking: Monitor each request through its current status.
Related Business Objects
Accounts
Procurement
Inventory
Documents
Included Features
- Automatic RFQ ID generation
- RFQ status tracking
- Vendor reference
- Vendor name lookup from the referenced Vendor
- Request date tracking
- Response due date tracking
- Multiple currency support
- RFQ Line attachments
- Rich text notes