VendorRFQ focuses on the more efficient result oriented outcomes of the RFQ process and is also a valuable tool for the RFI process.
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VendorRFQ enables customers to communicate with their vendors, discussing and negotiating pricing and details for goods and services, collecting and organizing this information from one or all of their vendors. Your purchasing team will be able to compare and find the lowest prices to purchase available specific goods and services, while knowing at any given time which vendors have received the request for quote, and which have responded. All purchasing and procurement information is available in a centralized location for your team.
Do you struggle with manually requesting pricing from multiple vendors?
Do you struggle with keeping track of which vendors have responded to your pricing requests?
Do you manually negotiate pricing with your vendors?
Do you need a centralized place to organize and compare all the prices you’ve received?
If you answered yes to any of the above questions, VendorRFQ is the solution you and your team are looking for.
The QuoteWerks development team has been hard at work developing a new solution that no other quoting or proposal software has!
As a QuoteWerks customer your company will be able to competitively benefit from this innovation!
There are tens of thousands of vendors that our customers purchase from. Few of these vendors offer automated real-time pricing. Without these automations it becomes extremely time consuming and difficult to obtain pricing from multiple vendors by phone and by email, and to organize the pricing received to then determine which vendor to purchase each item from.
With one click you can easily request pricing from a single vendor, or as many vendors as you want! If you forgot to invite a vendor to bid, no problem, just a couple clicks and you can invite them too!
You probably already get your account based real-time pricing of products from Tech Data (an IT Industry distributor), but that won’t stop you from sending a VendorRFQ to your Tech Data sales rep to get special pricing. In QuoteWerks you can do both and compare them easily. These automated real-time prices will be listed right next to prices you receive from the Vendor’s RFQs that you’ve requested.
With VendorRFQ, you are just a button click away communicating with your vendor sales rep about their price bid.
While we’ve used Tech Data as an example, you will be able to send Requests for Quote’s to any vendor in any industry.
From your RFQ, for each line item, you can see all the vendors that you have requested a price from. You can see the current status of each vendor RFQ price request. You can see if they have submitted a bid, and you can also see if they have even viewed the bid request yet. Your vendor can submit questions to you about the item and pricing, and you can answer right here from within your RFQ.
With VendorRFQ, you are just a button click away communicating with your vendor sales rep about their price bid.
While we’ve used Tech Data as an example, you will be able to send Requests for Quote’s to any vendor in any industry.
Your vendor will receive an invitation by email. This invitation will contain all of your contact information so that the vendor knows who you are and that this is an email from a known entity. Once they click on the link, the Vendor’s sales rep will see the interface below that will enable them to easily supply you with a price and include price conditions. This is also where your vendor can ask you clarifying questions, or can negotiate pricing with you.
Easy for vendors to use! No Logins, no hassles, they just type in a price and click submit!
* Requires a workaround, but can be done.
VendorRFQ will be subscription based and will cost $20 per month per user. The license count does not have to match your QuoteWerks license count.
The VendorRFQ licensing and pricing is based on the “reserved concurrency” model. Whenever a user uses VendorRFQ, a license is reserved for that user and is not released until the user exits QuoteWerks.
We encourage you to do a search and look for vendor RFQ software. You won’t find many and when you do, the pricing is around $300 per user per month (or not listed at all). We are pretty excited to be offering VendorRFQ at this price point and we know it will save you way more than $20 a month of your time. What’s your time worth?
VendorRFQ TM… Vendor Sourcing Managed.
VendorRFQ focuses on the more efficient result oriented outcomes of the RFQ process and is also a valuable tool for the RFI process.
First Direct Corp. has over 30+ years of experience using, selling and supporting QuoteWerks software.
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