RFx stands for Request for Proposal, Request for Quotation, or Request for Information. It is a tool that allows organizations to streamline the procurement process by requesting bids from multiple vendors at once. This allows organizations to compare prices and terms from different vendors and choose the best option for their needs.
RFx is a digital platform that makes it easy to send out and track requests for proposals, quotations, or information. It’s simple to use – you can create an RFx in minutes, and start receiving responses from vendors right away.
Plus, RFx helps you stay organized throughout the procurement process. You can keep all your vendor communications in one place, and easily track which vendor is offering what. This makes it easy to compare apples to apples when making your final decision.