Obtaining the right price from a supplier is crucial to avoid unnecessary overspends. When you’re sourcing from a high number of suppliers, however, a manual price process can be cumbersome and confusing. Searching through manual price lists in hard copy format is time-consuming and error-prone. Furthermore, multiple hard copies are required if more than one person needs to be able to check the prices. Without an effective, streamlined Request for Quote (RFQ) solution, it can be difficult to keep track of which vendors have responded to price requests, organise and compare quotes, and negotiate deals.
At Quintadena, we’re pleased to offer VendorRFQ from QuoteWerks, a new, innovative solution that enables businesses to view and manage their supplier quotes within the QuoteWerks platform.
Why An Automated Real-Time RFQ Solution Is Essential
Most businesses obtain quotes from several vendors when comparing products, many of whom do not offer real-time automated pricing.
Without the ability to organise prices at the click of a button, it’s easy to overlook the most competitive quotes or to miss important information about sales terms or conditions. What’s more, if you can’t make rapid informed decisions about which quote to accept, you may miss crucial deals or availability windows.
Stay In Control With VendorRFQ
VendorRFQ sits within your existing QuoteWerks dashboard, enabling you to communicate more efficiently with your suppliers:
- Obtain quotes for products and services more quickly.
- Negotiate prices to secure the best value for your business.
- Collect and organise price information from multiple vendors.
- Compare prices quickly and easily to find the most competitive deals – with the cheapest quote clearly demarcated in green!
- See which suppliers have received your request for a quote and responded.
All purchasing and procurement information is centralised on the new QuoteWerks Product Sourcing Panel for easy access, giving your team real-time visibility of all quotes when needed.
Vendors can add information to their quotes – for example, available stock levels if quantities are running low. If they require clarification about your quote request, they can send questions to which you can respond within the platform, avoiding ‘lost email syndrome’. VendorRFQ offers outstanding flexibility, so you can invite unlimited vendors to quote for you.
Contact Quintadena To Take Control Of Your RFQ Process
QuoteWerks’s VendorRFQ add-on is launching in December 2021, so get in touch with Quintadena today on 0121 669 1111 to find out more.
