Supplier Quotation

A Supplier Quotation is the pricing response from a supplier to your Request for Quotation (RFQ). It records the supplier's offered price, delivery timeline, and terms.

Creating a Supplier Quotation

1. Go to Buying > Supplier Quotation and click New.
2. Select the Supplier and link to the RFQ (if applicable).
3. Enter the items with the supplier's quoted Rate and Quantity.
4. Add any taxes, charges, or additional costs.
5. Set the Valid Till date (quotation expiry).
6. Click Save and Submit.

Creating from RFQ

The standard workflow:

1. Open the submitted RFQ.
2. Click Create > Supplier Quotation.
3. Enter the quotation for each supplier.
4. Submit.

Comparing Quotations

Once you have quotations from multiple suppliers, use the comparison view to:

• Evaluate best price
• Consider lead time and availability
• Compare payment terms
• Review past supplier performance

Selecting a Supplier

When you decide on a supplier:

1. Open the winning Supplier Quotation.
2. Click Create > Purchase Order.
3. Review the pre-filled Purchase Order.
4. Submit to place the order.

Related Topics

• Request for Quotation
• Purchase Order
• Supplier