Request for Quote (RFQ) provides the ability to extend a formal invitation to suppliers to tender on the supply of goods or services. As a vital part of Procurement, this capability streamlines the tender process by automating the creation of the RFQ from a Requisition and allowing servicing of the RFQ directly by suppliers online.
- Streamlines and simplifies the tender process – enhancing the overall procurement process
- Provides transparency of the tender process – improving governance
- Assists buyers in making informed procurement decisions
- Reduces manual processes – freeing up staff.
