It is the initial step in a vendor selection process.
The business sends out RFQ to the vendors and the vendors respond back with
Quotations with prices. Next step is quotation evaluation followed by issue of
a purchase order for the material/services needed.
Sometimes in certain business processes - A purchase
requisition for new material services starts the process of RFQ.
Before creating purchasing documents you should ensure
that a master record exists in SAP for both the vendor and delivery address.
T/Code ME41 Create an RFQ.
Before creating an RFQ, you should consider the
following:
Vendors: Do you have a list of suitable vendors for the
RFQ? The vendor numbers must be available.
Deadlines: What are the important deadlines for
bidding, if any (for example, the deadline for submission of quotations)?
Number assignment: If your company uses external number
assignment, then you need an RFQ number that falls within the valid number
range.
Collective number: We recommend that you assign the RFQ
a collective number. You enter this number once, and the system copies it for
each RFQ you create within a competitive bidding process. The collective number
enables you to track all RFQs for a given competitive bidding process. The
number can be alphanumeric and up to 10 characters long. You enter it in the
header data of the RFQ.
2) This process will help for Industries to choose
right Vendor with compare the prices from all quotations received as a result of
a competitive bidding process using the price comparison list . The comparison
list ranks the quotations by item from lowest to highest price.
3) You can create an RFQ from a requisition
automatically. To do so, you must earmark requisitions for RFQ processing.
