Quotation types!!!

Oracle ebusiness suite>Oracle SCM > Oracle Purchasing

Question of the Day!!   

Module: Oracle Purchasing

No.:  What are the Quotation types?

Ans: There are three types of Quotations.

There are three types of quotations in Purchasing by default:

Catalog:

 Quotation type is Used for high-volume items or items for which your supplier sends you information regularly. A Catalog quotation also includes price breaks at different quantity levels.

Standard: 

Quotation type is Used for items you'll need only once or not very often, but not necessarily for a specific, fixed quantity, location, and date. For example, you could use a Catalog quotation for office supplies, but use a Standard quotation or  for a special type of pen you don't order very often. A Standard quotation  also includes price breaks at different quantity levels.

Bid:

Quotation type is Used for a specific, fixed quantity, location, and date. For example, a Bid would be used for a large or expensive piece of equipment that you've never ordered before, or for an item that incurs transportation or other special costs. You cannot specify price breaks for a Bid quotation .

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