RFQ
Request for Quotation
For structured or multi-item procurement. Define the requirement, invite relevant suppliers, compare bids, select the best fit and keep fulfilment and finance connected.
- 01Define
- 02Invite
- 03Receive bids
- 04Compare
- 05Select
- 06Purchase order
- 07Confirm receipt
- 08Invoice and pay
Ideal when specifications, several lines or formal comparison matter.