E-RFQ - Electronic Request for Quotation
Updated: Apr 18
E-RFQ Receives price offers in an electronic environment instead of via mail or printed media.
In this method, suppliers enter their offers;
On their own,
In an electronic environment,
From their office,
From the ERP login screens given to them,
Its main advantages are;
Shorter processing time
Transparency,
Keeping personal relationships in the background
Possibility of retrospective follow-up,
Collecting supplier behavior information.
Etc.
The main challenges are;
It takes time for the purchasing personnel to keep up with the change,
Lack of faith due to being different from classical purchasing processes,
Some suppliers are not technically ready to enter bids electronically,
Etc.
