Procurement | Procure to Pay
Requests for Quotation
One ask, several vendors, and every reply held against it.
What it does
Inside Requests for Quotation.
The award can be defended, because the quotations it beat are still attached to the request.
01
A request issued to several vendors from one specification
02
Replies captured as quotations, each with price, lead time and validity
03
Side by side comparison on landed cost rather than unit price alone
04
Award recorded on the request, and the order raised from it
Where it sits
Part of Procurement.
Sourcing Requests, quotes and awards recorded against the eventual order. Requisitions The request that checks budget and policy before it becomes spend. Purchase Orders The commitment, recorded and visible to finance. Approvals Authority applied consistently across every buying channel. Receiving Goods and services receipted against the order that expected them. Spend Analysis Category, vendor and compliance visibility on clean data. Quality Inspection Deliveries held for inspection before anything reaches usable stock. Service Entry The receipt document for work, not goods, accepted before it is billed.
Run Requests for Quotation against your books.
A working session on your structure and a month of your documents.