ERPNext Purchase
What is Supplier Quotation?
- Supplier Quotation
- A Supplier Quotation in ERPNext records the price offer received from a supplier in response to an RFQ or direct enquiry, before creating a Purchase Order.
Creating Supplier Quotations
Create from an RFQ (supplier fills via portal or you enter manually) or go to Buying → Supplier Quotation → New. Enter items, rates, taxes, validity, and lead time. ERPNext compares all quotations for the same items to find the lowest rate.
Converting to Purchase Order
Once a Supplier Quotation is selected, click "Create Purchase Order". All item details, rates, and terms transfer automatically. The original RFQ and competing quotations remain linked for audit and future negotiations.
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Related Terms
Request for Quotation (RFQ)
A Request for Quotation in ERPNext is sent to multiple suppliers to invite price…
Purchase Order
A Purchase Order in ERPNext is a confirmed procurement document sent to a suppli…
Supplier
A Supplier in ERPNext is the master record for a vendor or service provider, sto…
Buying Settings
Buying Settings in ERPNext configure system-wide defaults for the purchasing mod…
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