Request for Quote (RFQ)

Sometimes, you can have the same item supplied by different suppliers and it is in your interests to see what the best price is for your required items. The Supplier Request for Quote (RFQ) process allows requests for supplier quotes to be automatically generated for all planned purchase orders lines for each of the suppliers that can supply the selected items. The RFQ process will allow you to create RFQ documents that can be sent to the supplier who can return the document quoting their best price. Once you have received back the RFQ’s, you can then determine which vendor is offering the best price and select that vendor to be the preferred supplier of the selected item. For more detailed information, please contact us.