Sunday, December 9, 2007

Difference between due date & close date on RFQ

Due Date is when you want your suppliers to reply.
Oracle Purchasing prints the reply due date on the RFQ. Purchasing notifies you if the current date is between the RFQ reply due date & the close date and if the RFQ is Active. Purchasing knows that a supplier replied to an RFQ if you enter a quotation for this supplier referencing the RFQ.

Close Date is the date after which you dont allow to receive Quotations for the RFQ. Purchasing prints the close date on the RFQ. Purchasing notifies you if the current date is between the RFQ reply due date and the close date and if the RFQ is Active. Purchasing warns you when you enter a quotation against this RFQ after the close date.

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