Request for Quotes (RFQ)

RFQs help buyers request competitive supplier pricing before a purchasing commitment.

Workflow

Draft -> Open -> Closed -> Awarded
                    -> Cancelled

Creating and Opening an RFQ

1. Go to RFQs -> Create.
2. Select an approved requisition, or create a standalone RFQ if settings allow it.
3. Invite one or more suppliers.
4. Open the RFQ so suppliers can respond.

Capturing Quotes

Quotes can be captured in two ways:

• Supplier Portal - suppliers use their secure token link.
• Internal Recording - the buyer records email, phone, or in-person quotes.

Each quote includes quote number, currency, validity date, lead time, payment terms, line quantities, and prices.

Awarding an RFQ

1. Close the RFQ after receiving quotes.
2. Compare submitted quotes.
3. Award the winning quote.
4. SikaBooks creates a draft PO linked back to the RFQ and requisition.

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