BusinessBid is a robust e-procurement system for your business. Convenient requisitioning, strategic sourcing and automated purchasing, All in one place.
RFQ is a process in which a company asks the potential suppliers to quote their prices for a specific list of items or services. Where the suppliers are required to quote their prices for that specific list of items, or services respectively.
The supplier with the most competitive market prices gets a chance to supply the goods for the company.