What is purchase quotation in SAP SBO - SAP Business One?

SAP Term: purchase quotation

• Component: SBO

• Component Name: SAP Business One

• Description: A document created as part of the RFQ process to record an offer from a vendor to sell goods or services at a stated price and under specified conditions. The conditions include quantities, delivery dates, delivery terms, and payment terms. A purchase quotation is not a binding legal document, in the sense that it is not a promise to supply the items at the terms stated.

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• Key Concepts: 
  A purchase quotation in SAP Business One (SBO) is a document that is sent to a vendor to request a quote for goods or services. It includes the details of the requested items, such as quantity, price, and delivery date. The vendor then responds with a quote that includes the cost of the items and any other terms and conditions. 
  
  How to Use it: 
  In SBO, purchase quotations can be created from the Purchasing module. The user can enter the details of the requested items, such as quantity, price, and delivery date. Once the quotation is created, it can be sent to the vendor for review. The vendor will then respond with a quote that includes the cost of the items and any other terms and conditions. 
  
  Tips & Tricks: 
  When creating a purchase quotation in SBO, it is important to include all relevant information so that the vendor can provide an accurate quote. This includes details such as quantity, price, and delivery date. Additionally, it is important to include any special requirements or terms and conditions that may apply to the purchase. 
  
  Related Information: 
  For more information on purchase quotations in SBO, please refer to the SAP Business One Help Center (https://help.sap.com/viewer/product/SAP_BUSINESSONE/9.3/en-US). Additionally, there are many online resources available that provide detailed instructions on how to create and manage purchase quotations in SBO.