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| REQUEST FOR QUOTE |
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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: |
- 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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