Developing sustainable packaging options by sourcing eco-friendly materials, designing minimal waste packaging, and streamlining supply chain logistics to reduce environmental impact.
Type: Send Email
The Request for Quotation (RFQ) workflow step involves a series of actions taken by procurement teams to solicit bids or proposals from potential suppliers. This process typically begins when an internal stakeholder submits a purchase request to the procurement department. The RFQ team then prepares and issues a formal invitation to tender, outlining the scope of work, required specifications, and relevant deadlines. Suppliers are given a specified timeframe to submit their quotes, which can include detailed proposals, pricing information, and any additional supporting materials. Once all responses have been received, the procurement team reviews and evaluates each quote based on predetermined criteria such as price, quality, and delivery timelines.
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