27 February 2017

Electronic auctions or traditional procurement negotiations?

Many negotiation tools are used in the procurement world. Next to traditional forms of negotiation, like meetings or telephone conversations, procurement departments have also started to utilize electronic auctions more and more frequently. Succeeding in negotiations depends first and foremost on how well we utilize the range of tools we […]
30 November 2016

Request for quotation (RFQ) in the purchasing process

Request for quotation (RFQ) is a kind of a letter of inquiry in which a company announces that it plans to start a project of services/goods purchasing. It should contain a detailed specification and formal conditions to be accepted by bidders. Such a form of inquiry often concludes the purchasing […]