Creating requests for quotations (RFQs) is the first step
in the purchasing process. You can specify line items, required delivery
dates, and other conditions that you want the vendor to meet for the
delivery of an item or a service.
Purchasing process
The steps in the purchasing process include creating purchase
requisitions, creating purchase orders, receiving services and items,
and recording vendor invoices.
Request for Quotations statuses
Changing statuses on Request for Quotations affects both
field functionality and access to various action pages.
Terms and conditions
You can create and maintain a library of terms and conditions
that your company and your vendors must follow on purchase order and
contract transactions. Terms and conditions can contain information
such as: liability concerns, shipping and handling details, and delivery
time expectations.