Request for Quote Funcitonality Overview
RFQ Overview
Suppliers and distributors may agree to use the Request for Quote, or RFQ, functionality in Four51 if they do not already have a predetermined price set for certain items in their catalog. If you would like to pursue this or simply learn more about using RFQ functionality, here's how it works:
Benefits
Distributors can use RFQ functionality to compare line item prices from various suppliers if they don't have a predetermined price set for them.
Submitting RFQs are a great way to work out pricing between distributors and suppliers when there are catalog items that are rarely ordered or have multiple factors that influence pricing.
Submitting an RFQ: Distributor
RFQs can only be generated for already submitted orders. As a distributor, if you would like to submit an RFQ to one or more suppliers, start by navigating to the Home page in the Admin. At the bottom of the page there is a "New RFQ..." option. When you click on this, you can create an RFQ ID or have the system generate one for you. Then you can select which suppliers you would like to send it to, and select the order based on the supplier that is assigned to the products in the order.
Responding to an RFQ: Supplier
Suppliers will see that they have an RFQ awaiting review when one is sent to them. They can click on it to review it, edit it and send it back for a response.
Accepting
From there, the distributor can choose a quote to accept and enter a Purchase Order number to add the order to the queue.
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Labels: Request for Quote, Pricing, Supplier, Orders