Quotation Management software is basically used for various activities related to quotation, like quotation creation, quotation submission, quotation amendments etc.Quotation is not just a simple document but carries great amount of significance in terms of price , terms and conditions etc acceptable to the seller being conveyed to the potential customer.
Quotation is a legal document which is submitted based on the request from customer also called as customer enquiry .
Various major points usually covered in a quotation are-
–Item description and specifications.
–A formal literature or leaflet also at times submitted along with the quotation for buyer to evaluate the product technically. .
–Price– It is a one of the most if not the most important part of any formal quotation.
–Delivery Terms– This comprises of time frame within which the product will be delivered or contract will be executed. .