Closed or open RFQs - compare on specs, award fast.
Invite a shortlist or open it to the market, collect quotes in a structured format, and compare vendors line-by-line against your specifications. Award the best fit and export to a PO in one step.
Line quotes up against your specifications, side by side.
Collect quotes in a structured format and compare them on the things that matter - grade, tolerance, certification, lead time - with price always in view. Award on real fit, not just the lowest number.
| Specification | Vendor A | Vendor B | Vendor C |
|---|---|---|---|
| Material grade | EN8 | EN8 | EN1A |
| Tolerance | ±0.05 | ±0.02 | ±0.05 |
| Certification | - | ISO | - |
| Lead time | 21 d | 14 d | 10 d |
| Unit price | ₹248 | ₹262 | ₹229 |
| Decision | Awarded |
Vendor B wins on spec & certification - not the lowest price, but the right fit.
Reach beyond your shortlist when you need to.
Keep it closed to invited vendors, or open it to the built-in vendor market to discover new, qualified suppliers by category and location - then bring the best responses into the same spec comparison.
Everything in the rfq module
Closed RFQ
Invite a shortlist of known vendors and keep responses private.
Open RFQ
Open to the market to discover and qualify new suppliers.
Spec scoring
Compare quotes on defined specifications, not price alone.
Vendor market
Search by category, location, rating and verified status.
Award & export
Award the best fit and push straight to a purchase order.
Audit-logged
Every invitation, quote and award decision is recorded.
Where RFQ Sourcing sits
It turns approved demand into an awarded vendor, then hands off to the purchase order.
Requisition
Capture demand & approvals
Sourcing
RFQ or reverse auction
Award
Compare on specs, award
Purchase Order
Generate or upload PO
GRN
Goods receipt & QC
Invoice
GST-compliant capture
3-Way Match
PO · GRN · invoice
Payment
Tracked & compliant
Related modules
Reverse Auction
Let qualified vendors compete live to drive price down, then compare, award and export.
ExploreRequisition
Capture demand and route it through approvals - every request tracked from raise to release.
ExploreProcurement Execution
PO from templates or manual upload → GRN → invoice → automated 3-way match → payment.
Explore