📩 RFQ & Bidding Module

Generate Numbers of RFQs in Just 10 Minutes!

Automate vendor quotation requests, compare prices side-by-side, and pick the best supplier deal effortlessly.

Schedule RFQ Demo
● Multi-Vendor Bidding
⚡ Automated Comparison
erppwa.com • Request for Quotation (RFQ)
Procurement Quotation Negotiation ERPPWA RFQ Bidding Matrix SaaS UI

RFQ & Vendor Quotation Audio Overview

Hear how our RFQ engine dispatches quote links to multiple suppliers and auto-generates price comparison matrices.

0:00 / 2:34
Vendor Quote Portal
Price Matrices
Automated Bid Scoring
PO Conversion
📖 Read Briefing Summary & Transcript

Audio Summary: This briefing details how ERPPWA RFQ Bidding enables procurement teams to broadcast request-for-quotations to multiple suppliers in 10 minutes, compare prices side-by-side, and identify lowest bids.

Key Topics Covered:

  • Rapid RFQ Dispatch: Creating multi-item RFQ packages and broadcasting secure quotation submission links to suppliers.
  • Supplier Quote Portal: Vendors enter unit rates, taxes, freight terms, and lead times directly into web forms.
  • Comparative Bid Matrix: Side-by-side evaluation table automatically highlighting L1 lowest bidder and variance percentages.
  • Commercial Term Comparison: Evaluating credit periods, warranty terms, and freight charges alongside unit item rates.
  • Direct PO Conversion: Approving the winning bid with 1 click to generate and transmit an official Purchase Order.
⚡ Easy to Pick Best Deal!

Generate Numbers of RFQs in Just 10 Minutes!

Streamline multi-source product selection, supplier matching, automated email dispatches, and comparative rate evaluation.

⚡ Step 01 • Product Sourcing

Product Sourcing & Bulk Staging

⚠️ The Operational Challenge

Buyers spend hours compiling manual lists from paper slips, whiteboard shortage notes, and production sheets, resulting in missed critical items and assembly line delays.

✨ The ERPPWA Solution

Aggregate required materials automatically in seconds. ERPPWA automatically aggregates required items in seconds from 3 operational sources: approved Purchase Requisitions, the Low Stock Register, or a Job’s Bill of Materials (BOM).

  • ✓Direct Inward Pull from Approved Purchase Requisitions (PR)
  • ✓Low Stock Register Integration with Real-Time Safety Stock Alerts
  • ✓Job Bill of Materials (BOM) Direct Explosion & Component Pull
  • ✓Multi-Item Staging with Tolerance, Tech Specs & Drawing Uploads
  • ✓Standard Delivery Date Requirement Allocation per Line Item
  • ✓Instant Duplicate Requirement Consolidator

Stage dozens of procurement line items in under 2 minutes with automated cross-system sourcing from requisitions, shortages, and active job BOMs.

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RFQ Step 1 Terminal • Live UI
⚡ Multi-Source Item Staging Terminal
● 14 ITEMS STAGED
Source: PR + Low Stock Register + Job BOM Sourcing Speed: < 90 Seconds ▾
Item CodeDescriptionSource DocRequired QtyDelivery Req.Staging Status
RM-STL-316SS 316 Round Bar 40mmJob BOM #8821,200 kg15-Oct-2026✓ Staged
BRG-SKF-6205Deep Groove BearingLow Stock Reg150 pcs10-Oct-2026✓ Staged
FAST-M12-SSHex Bolt M12x50 Grade A2PR-2026-0942,500 pcs12-Oct-2026✓ Staged
⚡ Cross-System Sourcing Engine 14 line items consolidated in under 90 seconds
10 Mins
Full RFQ Cycle
3-Way
Direct Data Sourcing
👥 Step 02 • Supplier Matching

Supplier Selection & Historical Matching

⚠️ The Operational Challenge

Procurement officers either send inquiries to the same single vendor out of habit or spend hours digging through vendor files, missing competitive market rates and capacity limits.

✨ The ERPPWA Solution

Drive maximum competition with historical vendor shortlists. ERPPWA automatically auto-populates regular approved suppliers based on item purchase history, while allowing seamless addition of alternative qualified vendors to foster competitive bidding.

  • ✓Auto-Population of Item-Wise Regular & Approved Suppliers
  • ✓Dynamic Supplier Directory Search (Filter by Material Category)
  • ✓Vendor Rating, Delivery Track Record & Past Rejection Rate Display
  • ✓Multi-Supplier Bidding Shortlist with 1-Click Multi-Select
  • ✓Tiered Supplier Qualification & Active GSTIN Verification
  • ✓Blacklisted / High-Rejection Vendor Warning Flags

Maximize commercial leverage and expand vendor competition by pairing auto-populated historical suppliers with pre-vetted category alternates.

Get in Touch
RFQ Step 2 Terminal • Live UI
👥 Supplier Matching & Shortlist Terminal
● 5 VENDORS MATCHED
Target SKU: RM-STL-316 | Stainless Steel Rating: 4.8 / 5.0 Avg ▾
Supplier NameTier / RatingPast OTIFRejection %Shortlist State
Apex Special Steels LtdTier-1 Regular98.4%0.2%✓ Auto-Selected
Zenith Metallics Pvt LtdTier-1 Regular96.1%0.4%✓ Auto-Selected
Nova Metals & AlloysQualified Alt94.8%0.8%✓ Added
⚡ Vendor Qualification Guard All shortlisted suppliers verified with active GSTIN
100%
Auto Vendor Matching
3+ Bidders
Per Line Item
📩 Step 03 • Instant Dispatch

Automated RFQ Dispatch & Secure Vendor Portal

⚠️ The Operational Challenge

Manual emailing of PDF RFQs leads to unread messages, lost quotations, manual data re-entry into spreadsheets, and endless telephone follow-ups for price submission.

✨ The ERPPWA Solution

Eliminate quotation follow-up friction. System generates and dispatches encrypted RFQ emails to all shortlisted suppliers with one click, providing a zero-login web link for vendors to input rates, lead times, and terms directly.

  • ✓1-Click Automated Batch Email Dispatch to All Shortlisted Vendors
  • ✓Secure Web Portal Link with Zero Vendor Login Friction
  • ✓Real-Time Supplier Email Open, View & Submission Tracking
  • ✓Automated WhatsApp & SMS Reminders before Bidding Deadline
  • ✓Direct Vendor Document, Mill Certificate & Quotation Uploads
  • ✓Automated Bidding Lockdown upon Deadline Expiry

Eliminate spreadsheet re-keying and quote chasing with a self-service vendor bidding link and automated real-time dispatch monitoring.

Get in Touch
RFQ Step 3 Terminal • Live UI
📩 Batch Dispatch & Portal Response Monitor
● 2 OF 3 SUBMITTED
Batch: RFQ-2026-OCT-018 Deadline: 48h Countdown ▾
Vendor NamePortal Link StatusFirst OpenedBid StatusSubmission Rate
Apex Special Steels✓ DeliveredToday 10:14 AM✓ Bid Submitted₹312.00 / kg
Zenith Metallics✓ DeliveredToday 10:20 AM⏳ Reviewing...Draft Saved
Nova Metals & Alloys✓ WhatsApp SentToday 10:45 AM✓ Bid Submitted₹298.00 / kg
⚡ Automated Reminder Scheduler Auto-reminders scheduled at 24h • Zero manual calls
Zero
Manual Data Entry
< 24h
Avg Bid Turnaround
🏆 Step 04 • Commercial Award

Comparative Bidding Matrix & Direct PO Conversion

⚠️ The Operational Challenge

Tabulating supplier quotations into manual Excel comparison sheets is prone to formula errors, overlooks freight/tax differences, and delays PO issuance by days.

✨ The ERPPWA Solution

Pick the winning bidder with automated landed-cost comparison. Real-time side-by-side comparative grid automatically highlights the lowest bidder (L1/L2), calculates landed costs (base price + freight + GST), verifies lead times, and converts the winning quote to a PO in 1 click.

  • ✓Real-Time Side-by-Side Supplier Comparative Price Matrix
  • ✓Automated Lowest Bidder (L1, L2, L3) Highlight & Landed Cost Breakdown
  • ✓Comparison of Payment Terms, Freight Charges & Guaranteed Delivery Days
  • ✓Review of Supplier Uploaded Specs, Deviation Notes & Test Certs
  • ✓In-App Direct Supplier Negotiation Thread & Counter-Offer Logging
  • ✓1-Click Conversion of Winning Quote into an Approved Purchase Order

Identify the most cost-effective and dependable supplier instantly with automated landed-cost comparison and seamless 1-click PO conversion.

Get in Touch
RFQ Step 4 Terminal • Live UI
🏆 Comparative Bidding Matrix & Award
● L1 WINNER HIGHLIGHTED
SKU: SS 316 Round Bar 40mm (Qty: 1,200 kg) Landed Cost Mode ▾
Commercial ParameterApex Special SteelsZenith MetallicsNova Metals & Alloys (Winner)
Base Price / kg₹312.00₹308.00₹298.00 (L1 Winner)
Freight & TransitIncluded₹4.50 / kg extraIncluded (Free Door)
Payment Terms30 Days NetImmediate Delivery45 Days Net
Guaranteed Lead Time5 Days7 Days3 Days
Award RecommendationL3 BidderL2 Bidder✓ Awarded Best Deal
⚡ Commercial Savings Realized ₹16,800 saved below budget (-4.5%) • PO Ready to Issue
L1
Best Deal Guaranteed
1-Click
PO Conversion
🛠️ Custom Development

100% Free Customization

Every procurement workflow has unique bidding evaluation criteria and supplier approval limits. We tailor your RFQ templates, supplier scorecards, and authorization hierarchies at zero extra cost.

RFQ Configurator v3.0
ACTIVE RFQ CUSTOMIZATIONS
Multi-Supplier Comparative Bid Matrix ACTIVE
Automated Lowest Bidder Highlight ACTIVE
1-Click Convert Winning Bid to PO ACTIVE
Unlimited Customization Guarantee ₹0 Extra Fees
Request Customization
☁️ Deployment Flexibility

Available: SAAS OR On-Premise

Run ERPPWA on your factory server for total internal purchase data privacy, or on secure cloud for supplier portal access from any browser.

Deployment Selector
☁ CLOUD SAAS
Uptime99.9%
BackupAuto
UpdatesAuto
Maint.Zero
🖥 ON-PREMISE
ServerYours
DataFull Own
OfflineYes
VPN/LANReady
Choose the deployment model that fits your business
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