RFQ Portal
Aestiva RFQ Portal is a buyer and supplier accessible system (portal) for managing Request for Quotations and other kinds of supplier requests – RF(x). This RFQ software product streamlines buyer tasks and increases RFQ visibility, analytics, and controls — taking your buyers to the next level. The product can manage highly complex non-commodity buying, and commodity buying.
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Increase buyer effectiveness, shorten cycle times, and gain the analytics and spend visibility you need. |
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Features / Services
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RFQ Process - Request for Quotation in RFQ Portal
Request for Quotation (RFQ) is a business process that is well known and frequently used by organizations today. However, the RFQ process in many industries can be plagued by problems such as insufficient or inaccurate data and the absence of well-defined delivery dates and product specifications. An additional problem is the lack of organized and formal communication pathways in the bidding process. The Request for Quote feature in Aestiva RFQ Portal addresses these issues by providing organizations with a standard way to perform RFQ-related tasks, depending on their roles:
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1. Creating a Request for Quotation & Publishing it to the Vendor(s)
The Request for Quotation form provides a rich, user-friendly user interface that encompasses the following functionalities:
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2. Recording Vendor Responses
Vendors have online portal capabilities and can easily and efficiently have their responses to an RFQ recorded by a purchasing professional. The vendor portal enables vendors to participate in the RFQ process online, as follows:
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3. Processing Replies to a Request for Quotation
The Request for Quotation feature in Aestiva RFQ Portal offers a variety of options and tools for processing quotes. The Buyer can:
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4. Configuring a Request for Quotation
Request For Quotations in Aestiva RFQ Portal supports a variety of industry-specific and organization-specific requirements by enabling configuration of such items as:
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Request for Quotation is a standard business process that is frequently used by organizations. Aestiva RFQ Portal provides an RFQ solution that offers configurability and enables organizations to provide a vendor portal for communication. The portal allows organizations to publish notifications and RFQs to vendors and to collect vendor responses in an integrated and secure manner.
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