What is a RFQ (Request for Quotation)?
Requested and Answered by Webmaster on 22-Jun-2005 10:48 (2850 reads)
Tender or reverse-auction is where a single buyer invites a multitude of suppliers to quote through the proces known as a Request for Quotation (RFQ).
This is the exact opposite of an auction, where there is a single seller and many buyers.
To view the benefits achieved when sourcing products by tender click here.
This is the exact opposite of an auction, where there is a single seller and many buyers.
To view the benefits achieved when sourcing products by tender click here.
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