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What is a Quotation?

Print This Post Email This Post Written by rajivsharma.sap on Jan 27th, 2009 | Filed under: Material Management (MM)

Once a vendor has received an RFQ, the vendor will send back a quote that will be legally binding for a certain period of time. Specifically, a Quotation is an offer by a vendor to a purchasing organization regarding the supply of material(s) or performance of service(s) subject to specified conditions. The Quotation then need to be maintained in the “Maintain Quotation: XXXX” screens.

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One Response to “What is a Quotation?”

  1. Vera, on March 18th, 2010 at 11:28 am Said:

    Can a quoatation act like an RE order type? No ATP check.

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