eRFX online tender and quotation service

Trade Interchange eRFX online tender and quotation services enable online requests for information, proposals and quotations – all essential elements for buyers and those involved in eTendering, eProcurement and the negotiation of goods and services.

Our eRFX online tender and quotation services are customer-led with software developed completely in-house. It supports the bidding and negotiation process by capturing data in a framework which allows buyers to evaluate and compare current or future suppliers.

Our eRFX online tender and quotation services are made up of a number of fully automated elements:

Request for Information (eRFI)

eRFI forms the start of the eProcurement process. It facilitates the request for specific information from potential suppliers. With responses automatically scored, it is useful in drawing up a shortlist for the eRFQ stage of the negotiation process.

Request for Quotation (eRFQ) or Proposal (eRFP)

eRFQ, or eRFP, helps to control submissions by providing the facility for suppliers to submit formal quotations based on specific sets of requirements. This is a formal invitation to tender marks the beginning of the selection process. Our software makes it easier for buyers to compare and score proposals using a common format, making it simpler to select suitable suppliers.

Functions and benefits of our eRFX online tender and quotation services include:

• Accurate information gathering, using standard templates, questionnaires and scorecards for clear and consistent decision making

• Streamlined communication with multiple suppliers

• Controlled response times to suit project timescales

• Efficiency savings with significant reductions in tender cycle time, through online evaluation, objective supplier comparisons, automatic scoring and total calculations

• Selection of suppliers who best meet specific requirements, thanks to weighted questions, depending on the importance of set criteria

• Central storage of secure yet accessible data for tactical and strategic purposes, whether for day-to-day management, specific projects, forward planning or audit trails

• Progression from eRFX online tender and quotation services, where appropriate data is available, through to an eAuction, leading to faster and more efficient procurement turnaround

To find out more or to arrange a demonstration Tel: +44 (0) 20 878 00610