Posts

request for quotation (RFQ)

What is request for quotation (RFQ) in sap?

/0 Comments/in , , /by

The request for quotation (RFQ) is an invitation to a vendor to indicate his terms and conditions (in particular, his price) for the supply of a material or the provision of a service by submitting a quotation. As in the … Read More

Release Procedure for requisitions in Purchasing

Release Procedure for requisitions in Purchasing in MM

/0 Comments/in , /by

Releasing Requisitions,This post describes the release procedure for requisitions in Purchasing. (Note that in this context, “release” means giving approval, or clearance, to go ahead with the procurement of the materials or services set out in the requisition, and … Read More