A request for quotation (RFQ) in SAP MM is an invitation extended to a vendor by a purchasing organization to submit a quotation (bid) for the supply of materials or performance of services.
To quote the customer, the details of the prices and dates are required for materials, external services, manpower and Tools or Equipments are required.
For this, you must carry out internal planning for the activities, resources and costs known of at this time
This document provides description for the the typical processes to generate and process the Request for Quotation (RFQ’s) and Quotations in SAP MM.