Day 10 — Quotation in SAP MM

What is a Quotation in SAP MM?

• A Quotation is a vendor's response to an RFQ with pricing and delivery details. • It contains information such as material price, quantity, delivery date, and payment terms. • The purchasing team compares quotations before selecting a vendor.

• Dell offers a laptop for ₹48,000. • HP offers the same laptop for ₹47,500 with faster delivery. • The purchasing team compares both quotations and selects the best vendor.

1. What is a Quotation? 2. Who creates the Quotation? 3. What information does a Quotation contain? 4. Why are quotations compared?