Quotation From Supplier

A Quotation From Supplier is document by a potential supplier specifying the cost of goods or services they'll provide within a specified period.

A Quotation From Supplier may also contain terms of sale and terms of payment. Acceptance of quotation by the buyer can be considered as an agreement binding on both parties.

To access Quotation From Supplier, go to:

Home > GSD > Purchasing > Quotation From Supplier

1. How to create a Quotation From Supplier

1.1 Quotation From Supplier

The supplier can submit you a quotation himself via ERPNext. To know more about this, see section visit the Request for Quotation page.

1.2 Creating a Quotation From Supplier manually

1. You can also make a Quotation From Supplier directly from:

   GSD > Purchasing > Quotation From Supplier > New.

2. Select the Supplier who sent you the quotation.

3. Select the Request for Quotation, it will fetch the Request for Purchase

4. The Address and Contact will be fetched if you've saved it in the supplier master.

5. Item details will be fetched from the Request for Purchase. Enter rate according to the Quotation send over email by the Supplier.

If you have multiple Suppliers who supply you with the same Item, you usually send out a Request For Supplier Quotation to various Suppliers. In many cases, especially if you have centralized buying, you may want to record all the quotes so that:

• You can easily compare prices in the future
• Audit whether all Suppliers were given the opportunity to quote.

2. Features

2.1 After Submitting

Can create Quotation Comparison Sheet