You create a Request for Quotations when you want potential
vendors to provide quotations for items or services.
About this task
Quotations supplied by vendors must provide you with pricing
and other line- item-specific information, such as manufacturer and
delivery time. When you have quotations in hand, you can add them
to the Quotation Lines table on the
Quotations tab.
You can then compare the quotations before awarding line items to
vendors and before creating purchase orders.
When you create a
Request for Quotations, the status defaults to INPRG (In Progress).