Vorex.

Quotation Management

Request for Quotes empowers you to set the best price and terms for an order. Our system makes vendors compete for your business, increasing your leverage and negotiating power! Moreover, RFQ locks in and commits vendors to a specific price, protecting you from potential price increases.

Request for Quotes (RFQ) arms you with a flexible way to determine vendor quotes for single or multiple items. The system automatically produces a list of vendors who can give you a partial or complete quote, then gives you the option to send your quote request out to one or many vendors.

With Vorex Quotation Management tools, you will never overpay for quoted items nor have to file and search for old quotes. This must-have process is tightly integrated with your purchasing and billing functions, ensuing full visibility and control for your purchasing and financial departments.

Request for Quotes Key Features:

• RFQ to PO: Automatically converts the original RFQ, and the winning vendor's bid information, into a Purchase Order.
  
• Adjustments: RFQs can be easily modified until they are converted to Purchase Orders.
  
• Advanced RFQ system: Permits custom quotes, complete vendor catalogue quotes, or a quote on every single product in your inventory that a specific vendor carries.
  
• New items: Allows requesting quotes for new items you don’t currently have in your stock.
  
• Print, Fax or Email RFQ: Submit RFQs using any of a variety of common communication tools for maximum flexibility.
  
• Multiple RFQs: Auto-generates multiple RFQs simultaneously to multiple vendors.
  
• Quotes history: Maintain an accurate quotes history for each vendor quotation.
  
• Action log: Quickly access approval and communication history for each RFQ.
  
• Ensure compliance and control: Configurable workflow system and access control.
  
• Automatic alerts: Receive internal/external email reminders to approve pending RFQs.
  
• Extensive reporting: Use or customize any of multiple available reports.