The RFQs and quotations are processed in the following manner in SAP:
1. RFQ is created either manually or by using an already existing RFQ, requisition, or outline purchase agreement by the company.
2. Company creates the list of vendors who are to receive the RFQ. For this purpose, a SEPARATE document is created for each vendor.
3. Company enters the prices and conditions set out in the quotation submitted by the vendor into the RFQ document.
4. Company carries out a comparative appraisal of all of the vendor quotations by means of the PRICE comparison list. The quotations given by each vendor are compared item by item. The mean value quotation represents the average value of the individual quotes.
5. Company enters the most favorable quotation in an INFO record and sends rejection letters to the other unsuccessful bidders.
6. Finally, company monitors the status of follow-on ACTIVITIES related to the RFQ and quotation (e.g. a contract is set up or a purchase order issued).

The RFQs and quotations are processed in the following manner in SAP:
1. RFQ is created either manually or by using an already existing RFQ, requisition, or outline purchase agreement by the company.
2. Company creates the list of vendors who are to receive the RFQ. For this purpose, a separate document is created for each vendor.
3. Company enters the prices and conditions set out in the quotation submitted by the vendor into the RFQ document.
4. Company carries out a comparative appraisal of all of the vendor quotations by means of the price comparison list. The quotations given by each vendor are compared item by item. The mean value quotation represents the average value of the individual quotes.
5. Company enters the most favorable quotation in an info record and sends rejection letters to the other unsuccessful bidders.
6. Finally, company monitors the status of follow-on activities related to the RFQ and quotation (e.g. a contract is set up or a purchase order issued).