How many suppliers should I include in an RFQ process?

Include at least 2-3 suppliers to ensure competitive pricing, but avoid more than 6-8 to keep the evaluation manageable. The number depends on market availability, procurement value, and time constraints.

Can I customize the RFQ evaluation criteria for different purchases?

Yes, you can set different evaluation criteria for each RFQ based on what matters most - price, quality, delivery speed, or supplier reliability. This ensures each procurement decision uses the most relevant factors.

← All workflows

Supplier RFQ and Quote Comparison - Procurement Workflow

8 steps. Multiple suppliers. Best decision.

Step by step

Define RequirementsRFQs

Document item specifications, quantities, and delivery requirements for clear supplier communication

Select SuppliersRFQs

Choose candidate suppliers from approved lists or identify new potential suppliers

Send RFQRFQs

Create and distribute standardized RFQ documents to all selected suppliers

Log ResponsesRFQs

Record and track incoming supplier quotes with pricing and delivery details

Compare QuotesQuotes

Analyze supplier responses against evaluation criteria in a standardized format

Evaluate SuppliersQuotes

Score suppliers on price, quality, delivery, and other relevant factors

Select WinnerQuotes

Choose the best supplier based on comprehensive evaluation results

Issue Purchase OrderPurchase Orders

Convert winning quote into official purchase order to formalize the agreement

What this workflow solves

Managing multiple supplier responses across different formats and communication channels creates confusion and delays decision-making.

Comparing quotes manually without standardized criteria leads to inconsistent supplier selection and missed cost savings.

Lost emails and spreadsheet versions make it difficult to track RFQ status and supplier response deadlines.

Frequently asked questions

Modules used

RFQs Quotes Purchase Orders

See it live

Want to see this workflow in Zigaflow?

Book a demo and we'll run through your exact process live.

Book a free demo →Build your own workflow

Related workflows

Procurement

Construction - Managing a Two-Stage Tender

How to manage a two-stage construction tender from Stage 1 competition and PCSA appointment through open-book sub-package pricing to Stage 2 contract award and site mobilization.

View workflow →

Procurement

Construction Sub-Contractor Payment Application

Covers the process a main contractor follows when a sub-contractor submits a payment application - from scope check and certification through purchase order, invoice matching, and confirmed payment processing.

View workflow →

Procurement

Onboarding a New Supplier

Streamline your supplier onboarding process from initial requirements definition through assessment and approval. Ensure compliance and minimize procurement risks.

View workflow →

Got a different workflow?

Describe your process in plain English and we'll map it to Zigaflow in seconds.

Build my workflow →