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Inquiry & Quotation material issue


I have a requirement that once inquiry received from the customer same need to be captured in the system with all specification of the product(capacity,frequency,voltage etc..,) and with reference to same inquiry Quotation need to be created where it is applicable for pricing,schedules need to be given and once quotation is approved by customer then the design department will create the material code and with the newly created material code sales order will be prepared and requirement will be transferred to production and rest of the cycle Delivery & invoice will happen.

If we create as material as text in Inquiry & Quotation pricing is not possible or is it possible to make pricing happen?

Client want material master to be created once order is confirmed but not @ inquiry or Quotation stage!!

Could anybody suggest how to map in the SAP system.

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