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what is the relevance of QUOTATION

Former Member
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hi,

sap gurus,

good morning to all

(1). what is the relevance of quotation in sales order cycle.

(2). as all know that quotatio carries validity periods - can i have extention of those validity periods.

regards,

balaji.t

09990019711.

Accepted Solutions (1)

Accepted Solutions (1)

Lakshmipathi
Active Contributor
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Dear balaji

The simple relevance is that you can submit lot of quotations to customer but all those quotations will not be converted into sale order. So you can have a track of how many quotations are converted into sale order.

thanks

G. Lakshmipathi

Answers (2)

Answers (2)

Former Member
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Hi,

A quotation presents the customer with a legally binding offer for delivering a product or providing a service within certain fixed conditions. This offer is legally binding for the company within a specified time period.

You can extend the quotation validity, in the chnge mode of the quote.

Prase

Former Member
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Hi,

in typical sales cycle we can use a quotation after inquiry. It signifies the business interest to supply a product for a given price and a delivery date. Apart from that it also has the validity period. Quotation is also a legally binding document on the part of business to customer. Yes, the validity can be changed / extended.

regards

sadhu kishore