A Supplier Quotation is a formal statement of promise by potential supplier to
supply the goods or services required by a buyer, at specified prices, and
within a specified period. A quotation may also contain terms of sale and
payment, and warranties. Acceptance of quotation by the buyer constitutes an
agreement binding on both parties.

You can make a supplier quotation from a Material Request

#### Supplier Quotation Flow-Chart

![Supplier Quotation]({{url_prefix}}/assets/old_images/erpnext/supplier-quotation-f.jpg)

You can also make a Supplier Quotation directly from:

> Buying > Documents > Supplier Quotation > New Supplier Quotation

#### Create Supplier Quotation

<img class="screenshot" alt="Supplier Quotation" src="{{url_prefix}}/assets/img/buying/supplier-quotation.png">

If you have multiple Suppliers who supply you with the same Item, you
usually send out a message (Request for Quote) to various Suppliers. In
many cases, especially if you have centralized buying, you may want to record
all the quotes so that

  * 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!
You could only do this for high value items.

{next}
