Although this process can be defined with relative simplicity, it is anything but!
Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc.
Although this process can be defined with relative simplicity, it is anything but!
What is A Request for Quote (RFQ) is a document that a business submits to one or more potential suppliers in order to receive quotes for a product or service. Generally, an RFQ seeks an itemized list of prices for products or services that is well-defined, such as hardware. Another type of document is called a Request for Proposals (RFP), which is customarily used when the requesting business’s requirements are more complex, or a Request for Information (RFI), which collects written information about supplies or services.
SafeSourcing offers a suite of eRFX tools under its SafeSourceIt™ Family of Products including RFI’s, RFP’s and RFQ’s. Often to achieve the best net landed cost, all three may be required to source certain categories. These tools are supported by our white glove proven seven step process that delivers on average savings of 24% below what you may be able to achieve on your own.
If you like to learn more about how we can reduce your costs, please contact a SafeSourcing customer services associate.
