The request for quote process & the pre- procurement lifecycle

Introduction:

Culminating in the Request for Quote document, pre-procurement, as it's name implies, is the process that organisations go through prior to raising an official purchase order. The pre-procurement process is undoubtedly one of the more 'dry' subjects to cover in a whitepaper; never-the-less, it does have value as a business process and, particularly where businesses have significant capital expense, can have dramatic impact on an operations cashflow management. Larger, more complex organisations in particular face a number of challenges in this area, as runaway processes can quickly result in big numbers.......... read more