Process: Request for quote (RFQ)

 

Flow

Legend

 

Objective

RFQ trading mechanism.

 

Description

The RFQ process is a business flow comprised of many stages or states that trading partners must pass through as they negotiate. The final state in a successful negotiation is a contract or order, as specified by the buyer.

Buyer can negotiate percentage price adjustment or fixed price negotiation over products or categories. The different types of negotiation are as follows:

 

Features

 

Edition

Enterprise

 

Subprocesses

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