Now you have a purchasing position as in hand. Okay. Now, by role we'll start what buyer will do by will create one RFP, which is request for quotation, and he'll search potential buyers in market and they will try to collect their prices for comparison. So for RF do this two question here, this Purchase Requisition we are raising and then there's RF Q. And if q is raised internally by the company, yeah, I'll show you. Okay, I'll tell you this complete thing.

I'm okay with accepting responsibility Okay the complete cycle or major steps, okay. So here I am writing a name this is where our end user or end user and buyer, buyer will create this RFP amenia for agencies internal means my own company or external party. Okay. Then imprison is again responsibility of buyer and it is internal only yo the nation bias in general, sent to vendors higher, but it may be manual or automatic by email. Delivery follow up again, bias but here we can go for manually follow up or automated. Then we'll tell the tip here.

We'll have the since your store department internal, the invoicing and payment invoicing. Here we have two option in a single store Working can also be done by a fight that says again. So in this way, we can say that we can exhibit responsibility of different person okay? Okay. Now this RFP can be created with reference to Purchase Requisition or without reference to purchase creation. Suppose you don't have a budget vision in your head, but you want that you want to know the different prices or current market price.

Okay, so you can create RFP without reference to Purchase Requisition? Okay. So, simply I'm creating now I'm creating a rescue with reference to Purchase Requisition. See, in RFP we'll have a one RFQ due date and secondly, a quotation submission deadline. Okay, by that date, all condition must be submitted by their respective at death. So that's putting a date as the date of birth as a petition submission deadline date, then to purchase organization, this is a mandatory data but this organization at this lecture the presenter group of people responsible for purchasing while but this book does represent individual profits or individual responsibility.

Okay, now I just clicked done reference to Purchase Requisition and Purchase Requisition number and simply saved enter Okay, it will copy all the details now, here I have an option of collective number this is this collective number you you may generate your own collective number internally okay and you can use it like in many industries, there are separate numbers for rescue as per their ISO standards, okay? Or if you want multiple RFU or if you want to use multiple Eric you by referring a single number, then you can use it let's say I'm putting RFU Dec 16 that sequence 01 Okay. Then I simply copied this detailed adopt birth detail to decided you know, this is my details. First of all in RFP what I entered, I simply created RFP with reference to Purchase Requisition. So, what vendor will see when they will see that I want this material steel coils and what quantity I want I want 10 numbers okay and when there has to submitted rises before this date okay and when I want this material okay see 9912 Press Enter system will give me with error message the messages please enter delivery date later than deadline of submission of books.

My deadline of submission of prizes this and I'm asking material on this date which is not good Because after submission of price, I'll make a comparison and then then only I'll be I'll be able to finalize my order. Okay, so this date must be your delivery date must be lighter than your protection submission date. Okay, now, it won't even hear the message. So simply in our FAQ will will enter what material I bought, what quantity I bought and when I want this material, so on basis of this three, first, second and third vendor will give me a price for this material. Okay, now, this is Rs two I have created, but I haven't assigned this RFP to any vendor. Okay, so, here we have a vendor at this option.

So simply click there. and assign the vendor to this RFP to let's say this RFP is created for this vendor. ABC limited. Right. Now I'm going to save it. So, system will give me one or a few numbers number, okay.

Generally we'll, we'll use three RFP or three quotation for comparison. Okay. This is the RFP number which we have created. So for our budget creation screen we'll see the status See the status changes to our FAQ created. Okay, and we have our key number here. Keep saying this way we can raise our F q, and we'll read the three Rs Q and after that, we'll submit the prizes.

Okay? And we'll make one quotation embedded in a statement and we'll see that which is my L one vendor, vendor or l three, I mean, the level one, level two level three. Right. Okay, thank you. No, yes, I get that. Yeah, so usually for any, you know, Purchase Requisition of any material, usually we raise three for minimum three rfqs.

Yeah, minimum two different vectors. Yeah. Okay. So this mean how many We have we can create that also we have a control on the system no no there is no okay there is no any control but the minimum number which makes your comparison fear is three okay but it is not necessary that we will have a suppose there are some there is some product which is once again because there is one product which is considered as a monopoly product okay for monopoly product will have a single vendor Okay. Then in case of a single vendor you cannot go for good price comparison but you simply want to record is submitted price. Okay, because an RFP submission you will negotiate to render on these prices.

Okay. So Fine. Tomorrow we'll see the approval of purchase liquidation because the air will have over between this one approval matrix. So tomorrow we'll see approval and comparison. Okay, sure. Thank you.