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Minimum of 3 quotations needed for new materials to be purchased

Dear All,

There is a requirement that "Minimum of 3 Quotations is compulsory for new materials which are to be purchased" in SAP MM. I have no idea on this. Does it mean that I have to do release procedure? If it is release procedure, then how? Is it Release procedure for RFQ?

Please help me on this.

Thanks,

Jyothi

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