PROCUREMENT
Request for Quotation (RFQ) and Supplier Bidding Flowchart
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CASE ANALYSIS
Scenario
A procurement team needs to acquire goods or services and decides to use a competitive bidding process via RFQ to obtain the best value.
Key decisions
- Proceed with existing bids or extend deadline if insufficient
- Negotiate with suppliers before final selection
When to reuse this
Use this flowchart when setting up a formal RFQ process for supplier selection in any industry.
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flowchart-request-for-quotation-rfq-and-supplier-bidding-flowchart