Vendor Quotes

Typical purchasing systems automate little more than purchase order generation, one of the last activities in the purchasing cycle. The glovia.com - Vendor Quotes application extends the reach of automation to the beginning of the purchasing cycle by maintaining, tracking and reporting request-for-quote (RFQ) and vendor-quote information.

Vendor Quotes At-A-Glance

Request for Quote (RFQ) Entry

• Optional–can generate RFQs or bypass RFQ process and enter vendor quotes directly
• Quotes standard stock items, standard non-stock items, and non-standard items
• Enables request of multiple prices based on quantity breaks quoted by vendor
• Extensive text areas for comments
• Generate RFQs for one or more suppliers or prospective suppliers

Vendor Quote Conversion to Purchase Order

• All or selected parts of a vendor quote can be converted to a purchase order
• Optionally close vendor quote when a purchase order is created
• Optionally consume a purchase requisition during the conversion process
• Create vendor information from prospective supplier data

RFQ Response Entry

• Response entry generates vendor quote
• Tracks no-bid information

Vendor Quote Entry

• May be directly entered or result from an RFQ response
• Quotes standard stock items, standard non-stock items, and non-standard items
• Enables recording multiple prices based on quantity breaks quoted by supplier
• Extensive text areas for comments
• Generate quotes from suppliers and prospective suppliers

Standard Inquiries

• RFQ
• RFQ History
• RFQ Status
• RFQ By Item
• RFQ History By Item
• Vendor Quote
• Vendor Quote History
• Vendor Quote Status
• Vendor Quotes By Item
• Vendor Quote History By Item

Standard Reports

• RFQ History
• RFQ Status
• RFQ Review
• RFQ Status Codes
• Vendor Quote History
• Vendor Quote Status
• Vendor Quote Review
• Vendor Quote Status Codes
• Vendor Quote Type
• No-Bid Reason Codes
• Vendor Quote Analyst