Request for quotation workflows, bid management, negotiation tools, and quote comparison for B2B procurement.
RFQ systems allow buyers to submit detailed requirements, route them to qualified suppliers, manage bid collection with deadlines, facilitate negotiation, enable quote comparison, and convert winning quotes to orders. Features include templates, specification attachments, sealed bidding options, negotiation workflows, and integration with procurement systems.
Submitting procurement requests:
Request Types: - Standard RFQ - Reverse auction - Sealed bid - Multi-round negotiation - Framework agreements - Emergency procurement
Request Details: - Product specifications - Quantity requirements - Delivery locations - Timeline expectations - Quality standards - Terms and conditions
Attachments: - Specification documents - Drawings and designs - Compliance requirements - Reference samples - Previous quotes
Getting RFQs to right suppliers:
Routing Logic: - Category matching - Capability assessment - Location proximity - Certification requirements - Past performance - Relationship status
Invitation Management: - Supplier selection - Bulk invitations - Reminder scheduling - Response tracking - Withdrawal handling
Supplier Discovery: - Recommended suppliers - New supplier search - Supplier comparison - Prequalification check
Collecting and managing responses:
Bid Submission: - Online quote entry - Document upload - Partial quotes - Alternative offers - Validity periods - Terms specification
Bid Controls: - Submission deadlines - Extension handling - Revision limits - Sealed bid opening - Late bid policies
Bid Tracking: - Response status - Pending follow-ups - Comparison views - Historical bids
Facilitating price and terms negotiation:
Negotiation Modes: - Counter-offer workflow - Multi-round bidding - Best and final offer - Auction-style - Direct negotiation
Communication: - Messaging within RFQ - Clarification requests - Document sharing - Meeting scheduling - Audit trail
Negotiation Analytics: - Price movement - Supplier responsiveness - Historical patterns - Market benchmarks
Evaluating supplier responses:
Comparison Views: - Side-by-side comparison - Weighted scoring - Total cost analysis - Specification compliance - Risk assessment
Evaluation Criteria: - Price competitiveness - Quality ratings - Delivery capability - Payment terms - Value-added services
Decision Support: - Recommendation engine - Historical performance - Reference checks - Compliance verification
From winning quote to order:
Conversion Process: - Winner selection - PO generation - Terms confirmation - Acknowledgment workflow - Contract creation
Post-Award: - Loser notification - Feedback collection - Performance setup - Schedule confirmation - Document archival
Integration: - ERP order creation - Inventory reservation - Payment initiation - Logistics booking
Based in Bangalore, we build B2B marketplace platforms for distributors, manufacturers, and enterprise procurement teams across India.
We understand B2B buying cycles, RFQ processes, credit management, and the relationship-driven nature of wholesale commerce.
Deep experience integrating with Indian ERPs (Tally), SAP, Oracle, and other enterprise systems for seamless data flow.
We build intelligence into the platform from the start—for smarter procurement, supplier matching, and decision support.
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Boolean and Beyond
825/90, 13th Cross, 3rd Main
Mahalaxmi Layout, Bengaluru - 560086
590, Diwan Bahadur Rd
Near Savitha Hall, R.S. Puram
Coimbatore, Tamil Nadu 641002