12.3. RFQ Business Process Flow

In general, an RFQ goes through several stages during its processing cycle. We define below a very general description of the business process associated with RFQ processing. There are several variations in practice that are specific to each industry. Also, in most real-world implementations, there is a uniqueness associated with each company’s business flows. Figure 12.1 depicts this process flow.

Figure 12.1. General RFQ process flow.

  1. Buyer identifies needs for purchase of direct procurement material and creates the RFQ, which typically includes a list of items, specifications, diagrams and pictures, terms ...

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