A sales quotation or sales quote is a commitment to sell a certain customer certain items at a certain price. Customers who use bids for choosing suppliers often request quotes. Exact delivery dates and order quantities are specified when a quote becomes a sales order.

The Sales Quotations module includes tools to enter and print a sales quote, release it to a sales order, update prices on the quote, create a quote from an existing quote or sales order, and track lost sales by reason code.