Frequently asked questions
How do you evaluate a supplier quotation?
To evaluate a supplier quotation, assess price, quality, delivery timelines, payment terms, and supplier credibility.
What is price analysis in procurement?
Price analysis compares a supplier`s price to market rates or benchmarks to assess fairness.
What is the purpose of quotation in procurement?
A quotation in procurement provides the buyer with the supplier`s price and terms for requested goods or services.