RFQ is required for purchases when Select this option to have the system use rules to determine whether or not an RFQ is required for this purchase type. For example, you can select different rules for regular purchases and rentals. When you select this option, you should select one or more of the listed rules. If you do not select any of the rules, an RFQ will not be required for the purchase type. See Also Effective Price Rule Select this option to have the system require an RFQ whenever the resource does not have a currently valid price for the purchase type. For example, the system will require an RFQ if the resource is requested but its latest price has expired. Note: If a price has no effective end date, the system considers the price to be expired for the purposes of this rule. See Also Cost If you have selected to require an RFQ whenever the cost of a demand is greater than a certain amount, enter the amount in this box. Whenever a demand for this purchase type is greater than the entered cost, the system will automatically request an RFQ to be created. See Also Cost Exceeds Rule Select this option to have the system require an RFQ for this purchase type whenever the cost of a demand is greater than a certain amount. Enter the amount in the box provided. See Also Number of Days If you have selected to require an RFQ whenever the resource has not been ordered within a set number of days, enter the appropriate number of days in this box. For example, you can have the system require an RFQ if the resource has not been ordered within the last 90 days. See Also Recently Purchased Rule Select this option to have the system require an RFQ whenever the resource has not been ordered within a set number of days. For example, you can have the system require an RFQ if the resource has not been ordered within the last 90 days. Enter the appropriate number of days in the box provided. See Also Default duration for bid sheets The default amount of time between the RFQ’s effective and expiry dates. The system uses this setting to set the default expiry date for new bid sheet RFQs. See Also
