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Request For Quotation by Webkul logo

Request For Quotation by Webkul

Develop by uvdesk.com
5 Days Free Trial

Facilitate RFQs and negotiations for competitive product pricing on your store.

Rfq management dashboard
Bulk product negotiation
Out-of-stock rfqs

About Request For Quotation by Webkul

Launched Dec 16, 2024

Categories

Built by uvdesk.com

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Description

With RFQ, customers can negotiate and purchase bulk products with custom pricing directly on the store.

Request For Quotation is a standard Reverse Auction process. In general after receiving the RFQs, store owner can generally

"Accept","Re-quote" and "Decline"

.

In most of cases store owner wants to send his/her own quote for the product to the buyer which also called negotiation stage. After approving the quote, the buyer can purchase the product at a competitive price.

Using this application allows your customers to send the RFQs on your store product listing.Buyers can mentioned details description while creating RFQ.

As a store owner you will have separate dashboard to view and manage the RFQs generated by the different buyers on your store.

IMPORTANT FEATURES:

-A buyer can select multiple products while creating a single RFQ.

-Customers and store owner can negotiate through emails.Only Logged-In customers can send RFQs.

-Store owner can "Accept","Re-quote" and "Decline" to any RFQ.

- A customer can create RFQ on

out-of-stock products

as well.

Pros

  • Facilitates reverse auction process, helping to achieve competitive pricing.
  • Allows negotiation between customers and store owners, enhancing customer satisfaction.
  • Store owners can manage RFQs effectively with a dedicated dashboard.
  • Customers can send RFQs for multiple products in a single request.
  • Supports RFQs for out-of-stock products, increasing potential sales opportunities.
  • Interaction is managed through emails, providing easy communication.

Cons

  • Only logged-in customers can send RFQs, potentially limiting participation.
  • Reliance on email communication could cause delays or missed messages.
  • The negotiation process might be time-consuming for store owners with high RFQ volumes.

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