Contacting multiple suppliers and requesting their quotes is important to find the best products at the right price. As an organisation, when you need to purchase certain goods or services, you won’t just contact a single supplier and buy goods from them, you will need to contact multiple potential suppliers and collect relevant information from them.

In ERPNext, this can be done using the Request for Quotation feature. In response to this request for quotation, potential suppliers will share documents of information that are known as Supplier Quotations. These quotations will contain prices, product specifications, and terms and conditions. Comparing different quotations from different suppliers will help ensure that you get the best deal.

If you’ve sent out a lot of requests for quotations and received a large number of responses in return, you can even automate this process using the Supplier Portal in ERPNext. Once you select a supplier, you can issue a purchase order for them.