The A-Z of Supply Management - part 5
13 September 2012
In the fifth in our A-Z series on key purchasing and supply management terms, Ken Burnett and Mark Whitehead look at entries for the letters Q-T
Q
Quotation
Not to be confused with “estimate”. Quotations are normally preferable because they should give an accurate price for the goods or services offered, whereas an estimate gives merely an approximate calculation of the cost of the goods or services concerned. This obviously gives some room...