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Automated RFQ Process

Automated RFQ Process refers to the digitalization and automation of the Request for Quotation workflow, eliminating manual intervention points and accelerating the procurement cycle. This technology-driven approach transforms traditional paper-based or email-based RFQ systems into streamlined digital workflows.

Benefits include:

  • Standardized template creation and distribution
  • Simultaneous broadcasting to multiple suppliers
  • Automated reminder systems for pending responses
  • Structured collection of supplier quotes
  • Intelligent comparison and analysis tools
  • Digital audit trails for compliance

Procurement teams using automated RFQ solutions like AuraVMS can reduce RFQ cycle times by up to 70% while improving response rates and capturing more competitive pricing options.

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