New Feature | Conduct RFQ or Auction as Next Round After Two-Stage Evaluation

Summary

New Feature | Conduct RFQ or Auction as Next Round After Two-Stage Evaluation

Content

Summary

Two-stage RFQs support sourcing best practices for shortlisting suppliers after a sealed negotiation process involving a technical and commercial evaluation. Once suppliers pass the technical and commercial evaluation, introducing an additional round of competitive bidding can result in better pricing and savings. With this feature, you can now initiate an Auction or RFQ as the next round of a two-stage RFQ. This streamlines the effort by easily initiating competitive bidding with only shortlisted suppliers.

Detail

Select Auction or RFQ As Next Round of a Two-Stage RFQ