Create Quotation and Perform Quote Analysis in Oracle Apps
A quotation is a supplier’s response to RFQ. In this article we will discuss how a quotation can be prepared from RFQ form.
Create a Request for Quotation (RFQ). Refer below article on how to create a RFQ form.
RFQ
The above picture shows a completed RFQ form. Now we will createquotations based on the response from the suppliers with relevant to thisRFQ form.
Navigate to Tools>> Copy Document
Copy RFQ document
Here we have selected first supplier and entering the quotation sent by the supplier. Click OK button.
Quotation number
Similarly repeat the above step for the other two customers and click OK.
You should get three new quotations against the three suppliers. (Here my quotation numbers are 500, 501 and 502).
Navigate to RFQ’s and Quotations>> Quotations
Query for Quotation (500)
Quotation
Notice that the quotation has been created from RFQ number 307. Change the status to Active. Similarly repeat the steps for Quotation number 501and 502 and save it.
Quote Analysis
Quote analysis is the process of reviewing the quotations given by the suppliers. The best quotation will be selected by analyzing certain factors like price, quality, delivery time etc.
Navigate to RFQ’s and quotations>> Quote Analysis
Query by RFQ number and click Find button
Find Quotations
Analyze Quotations
Here you can analyze all the quotations sent by the suppliers and select the best supplier and click Approve Entire Quotation button
Approve Entire Quotation
Click OK
The next step is create a Purchase Order based on this Quotation
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