The Price Change RFQs feature aims to streamline and enhance the process of managing and responding to price change requests from buyers or Suppliers. It provides an efficient system for suppliers to review, approve, or negotiate price modifications while ensuring transparency and accountability in the pricing process.
Using the filter the user can choose any attribute like supplier / category where the price needs to be revised.
The user can choose any number of items and click on “Create New Price Change RFQ” and provide the confirmation.
Once the confirmation is provided a Price Change RFQ template is created. One RFQ is created for every Supplier. This can be accessed by clicking on the RFQ number or using the menu Sourcing Event Management –> Price Change RFQ
In the soucring event management the buyer requests the price change quote and send to the supplier. The supplier can choose to accept or propose changes to the quote provided by the buyer. The quote is then submitted for the buyer’s acceptance. If the buyer accepts the price change quote, An award package will be created. The award package can be identified using the award template number
This award package can be accessed using the following menu:
Sourcing Management –> Award Packages –> Choose the Award number à from Action menu choose View
The Award Summary page provides the detailed information on the price revision by comparing the requested price and the quote price. It also provides the direction of the price change
The award is then sent out for the approval process. Once approved it will be sent for Supplier acceptance.