Set appropriate quote validity periods based on your industry and market conditions:
Standard Validity Periods
- Standard Products: 30-60 days
- Commodity Items: 7-14 days (fluctuating prices)
- Custom Manufacturing: 45-90 days
- Complex Projects: 90+ days
Factors to Consider
- Raw material price volatility
- Production capacity and scheduling
- Seasonal demand fluctuations
- Currency exchange rates
Best Practices
- Clearly state validity period in your quote
- Include "subject to availability" clause if needed
- Offer to extend or revise quotes upon request
- Communicate proactively if prices need adjustment
You can set default validity periods in your supplier profile settings.