Supplier Quotation
A Supplier Quotation is document by a potential supplier specifying the cost of goods or services they'll provide within a specified period.
Last updated
A Supplier Quotation is document by a potential supplier specifying the cost of goods or services they'll provide within a specified period.
Last updated
A Supplier Quotation is document by a potential supplier specifying the cost of goods or services they'll provide within a specified period.
A Supplier Quotation may also contain terms of sale, terms of payment, and warranties. Acceptance of quotation by the buyer can be considered as an agreement binding on both parties.
To access Supplier Quotation, go to: > Home > Buying > Purchasing > Supplier Quotation
Before creating and using a Supplier Quotation, it is advised that you create the following first:
Or:
Or:
You can also make a Supplier Quotation directly from:
Buying > Purchasing > Supplier Quotation > New.
Select the Supplier who sent you the quotation.
The Address and Contact will be fetched if you've saved it in the supplier master.
You can easily compare prices in the future
Audit whether all Suppliers were given the opportunity to quote.
Supplier Quotations are not necessary for most small businesses. Always evaluate the cost of collecting information to the value it really provides! As a recommendation, you can do this only for high value items.
Note:
Tax Category will be fetched from supplier master if set
Print settings is for making changes to the supplier quotation print
The Terms and Conditions here are your supplier's
The Supplier Quotation can be linked to a Material Request using the 'Link to material requests' button
The following records can be created after submitting a Supplier Quotation:
Purchase Order - A Purchase Order if you agree with the supplier's quotation.
Quotation - A quotation to your customer.
Auto Repeat - Auto Repeat the supplier quotation at specified intervals.
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You can make a supplier quotation from a Material Request:
A Supplier Quotation can be created from a .
The supplier can submit you a quotation himself via ERPNext. To know more about this, see section visit the .
Enter the Item code, select the quantity. Rate will be fetched if you've set the Standard Buying rate for the item in .
If you have multiple Suppliers who supply you with the same Item, you usually send out a to various Suppliers. In many cases, especially if you have centralized buying, you may want to record all the quotes so that:
If your Supplier is going to charge you additional taxes or charge like a shipping or insurance charge, you can add it here. This will help you accurately track your costs. Also, if some of these charges add to the value of the product you will have to mention them in the Taxes table. You can also use templates for your taxes. For more information on setting up your taxes see the .
There are fields for Tax Category, Shipping Rule, Purchase Taxes and Charges Template, Discount, Terms and Conditions, Quotation Number, Printing Settings. You can fill these fields for your record. Visit the page to know more about these sections. Note that the details like Shipping Rule, taxes, Discount, Terms and Conditions, Quotation Number, etc., are from your supplier and can be recorded for accurate tracking.
