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SAP MM - Request For Quotation

The document outlines the process of creating a Request for Quotation (RFQ) in SAP MM, which is essential for vendor selection in procurement. It details the key components of an RFQ, including the information required from vendors, and describes two methods for creating an RFQ: manually and automatically from a Purchase Requisition. Step-by-step instructions are provided for both methods to ensure accurate RFQ creation.

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23 views8 pages

SAP MM - Request For Quotation

The document outlines the process of creating a Request for Quotation (RFQ) in SAP MM, which is essential for vendor selection in procurement. It details the key components of an RFQ, including the information required from vendors, and describes two methods for creating an RFQ: manually and automatically from a Purchase Requisition. Step-by-step instructions are provided for both methods to ensure accurate RFQ creation.

Uploaded by

Vinayak pujari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SAP MM - Request for Quotation

Vendor selection is an important process in the procurement cycle. Once


requirements are gathered, we start looking for possible suppliers who can
fulfill the requirements at the best possible price. So, a request is made to
the vendors to submit their quotations indicating the price of the material
along with their terms and conditions. This request is known as the request
for quotation (RFQ). Listed below are the key points to note about a request
for quotation −

 Request for quotation is a form of invitation that is sent to the vendors


to submit a quotation indicating their pricing and terms and conditions.
 It contains details about goods or services, quantity, date of delivery,
and date of bid on which it is to be submitted.
 Quotation is a reply by a vendor in response to a request for quotation.

An RFQ can be created by the following two ways −

 Manually
 Automatically from Purchase Requisition
Manual Creation of RFQ
Path to Create RFQ

Step 1 − TCode: ME41 Logistics ⇒ Materials Management ⇒ Purchasing ⇒


RFQ/Quotation ⇒ Request for Quotation ⇒ Create
Step 2 − Fill in all the required details such as type of RFQ (if standard, then
AN), language, date of RFQ, purchasing organization, and group.
Step 3 − Provide the name of the material, quantity of material, material
group, and quotation deadline date.
Step 4 − Provide the quantity and delivery date for the material.
Step 5 − Provide the vendor address (street number, city, country, pin code)
to which you are addressing the RFQ. Click on Save. A new Request for
Quotation will be created.
Automatic Creation of RFQ from Purchase
Requisition
RFQ can also be created with reference to purchase requisition by following
the steps given below −

Step 1 − On the home screen of RFQ, select Reference to PReq tab.


Step 2 − Enter the requisition number for which you want to create an RFQ.
Click on Save. A new Request for Quotation will be created with reference to
Purchase Requisition.

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