PMX Request for Quotations Software (Sourcing Software)

To determine the best price and terms for an order, use PMX's Requests for Quotations module.

Run the Request for Quotations software (Sourcing Software) as a stand-alone unit or use it with PMX's other modules as part of a fully integrated system. Complete vendor and material file management capabilities are built into the sourcing software.
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Key benefits of the PMX request for quotation software:

• Create a Request for Quotation (RFQ) from an existing requisition using PMX's sourcing software, or simply enter your bid items and selected vendors.


• Print, fax or e-mail completed Request for Quotations to selected vendors, then enter the vendors' quotes into the system as you receive them, along with discounts, terms shipping charges and lead days.


• PMX's sourcing software automatically converts the original request for quotation and the successful vendor's bid information into a purchase order.


• All Purchase Order information can be reviewed and modified before launching the actual order.


• Like requisitions, Request for Quotations are easily modified until they are converted to Purchase Orders. Amended Request for Quotations can also be transmitted directly to vendors.


• A variety of bid analysis reports and inquiries simplify the selection process. Review bids online or on the printed Bid Analysis Report. PMX's eprocurement software displays bid information for each line item, grouped by RFQ, commodity, item, vendor, buyer or date range.


• PMX's eprocurement software RFQ status inquiry gives you up-to-the-second tracking of bids, including:
  
  
  • Vendor's bid information
  
  
  • The successful vendor receiving the bid and the final purchase order.
  
  
  • Detailed status report information on all RFQs entered into the system and the P.O. they were converted to.
  
  
  • Data on open or closed RFQs organized by RFQ, vendor, item, commodity, buyer and date required.