Request for Quote
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Reduce procurement costs by putting your purchasing out for multiple bids
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WorkPlace Request for Quote (RFQ) enables organizations to easily submit and manage
their vendor bids.
WorkPlace Request for Quote (RFQ) establishes a simple web-based interface between
your buyers and their vendors. Your buyers can manage multiple RFQ sessions,
sending email requests to multiple vendors as easily as to one. Vendors complete
their quotes real time via a secured web interface and can modify their quotes until
items have been awarded. Buyers receive quotes in real-time through the WorkPlace
application allowing them to quickly view and compare vendor responses and award
based on promised date, price and availability or any other criteria buyers determine.
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When Needed:
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- We want the better pricing and cost savings that come
from putting our purchasing out for competitive bids
- We solicit bids from many vendors and need to be able
to send these out easily and quickly
- We receive bids from many vendors and need a programmatic
way of quickly determining the best quote for us based on our requirements
- We want to have multiple bids for high-ticket items to
ensure we are paying a fair price
- We do extensive purchasing and need an RFQ process that
lets us get the best price with the least time investment
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