Benefits

SIMMS’ Request for Quote (RFQ) allows users to create a paperless RFQ, based on an existing requisition, which can then be sent to vendors. In addition, a portal allows for suppliers to login and post requests fro quotes to your company. This smooth exchange of information leads to quick processing and/or editing of requisitions, which can subsequently be imported directly into purchase orders once the best prices have been decided.

Suppliers’ performance statistics from previous RFQs can be easily tracked, pick lists of relevant suppliers can be generated based upon cross-referenced criteria. The prices and terms of an order can be easily determined and adjusted. Suppliers’ responses on lead times and prices are recorded and easily analyzed. Inputs of services and goods can be manually entered or selected from item files, and remote requests or existing orders can be used to generate the RFQs.

The RFQ module serves as a formal invitation sent to one or more suppliers for the availability and costs of services or goods. RFQ is an important strategic sourcing feature, which can automatically produce a purchase request for each chosen supplier, and SIMMS’ Request for Quote (RFQ) module is yet one other tool that makes SIMMS Inventory Management Software the best choice on the market.