How to Create an RFQ (Request for Quotation)

A Request for Quotation (RFQ) is a formal process that allows you to request pricing and availability information for specific products or services from suppliers. It helps streamline procurement by enabling businesses to compare offers from multiple vendors and select the best option based on cost, quality, and availability.

With SinchB2B, creating and managing RFQs is quick, simple, and designed to meet your business needs.

1. Sign Into Your Account
   Log in to your SinchB2B account to get started. If you don’t have an account, register here to access our tools.

2. Search for Products
   Use our comprehensive product catalogue to find the items you need. With millions of IT products and suppliers to choose from, you're sure to find the perfect match for your requirements.

3. Save for Later or Set Up Regular RFQs

• Save your selected products as favourites to quickly access them for future quotes.

• Create recurring RFQs for ongoing requirements, such as departmental needs, monthly orders, or special projects.

4. Generate Your Quote
   Once you’ve compiled your selected products, you can:

• Download the RFQ as a PDF to send directly to your incumbent supplier.

• Use our Supplier Directory to identify and send your RFQ to the most suitable vetted suppliers for competitive pricing and comparison.

5. Receive and Process Quotes

• Suppliers will respond to your RFQ via email with their quotes.

• You can review and compare the quotes, then integrate them into your existing accounting system to finalise and create your orders.

• Streamlined Process: Simplify your procurement workflow with easy-to-create RFQs.
• Tailored Solutions: Save time by setting up recurring RFQs for ongoing needs.
• Vetted Suppliers: Ensure quality and reliability by choosing from our directory of pre-vetted suppliers.
• Flexibility: Decide whether to stick with your incumbent supplier or explore competitive quotes from others.

Take the hassle out of procurement and start creating RFQs with SinchB2B now.
Sign in and create your RFQ.