RFx delivers the capability to launch an online request for information, quote, or proposal with real time tracking of supplier responses. Future product releases will deliver seamless integration among automated demand aggregation, auction execution, and bid analysis.

The RFx service offering will enable organizations to write, customize, and send requests in standard formats. It will facilitate sourcing activities such as defining selection criteria, retrieving/compiling supplier information from a general database, and pre-selecting a supplier or buyer shortlist. RFx will also provide for the acceptance and analysis of supplier responses and facilitate the selection process and subsequent communication of results.

The three RFx product offerings consist of the following:

        Request For Information (RFI)

An RFI is conducted to gather critical information about an item from a selected group of suppliers. This information may be returned with extensive attachments to provide supplementary documentation to the person's request. The purpose of an RFI is to gather as much information as possible about a particular product or service.

        Request For Quotation (RFQ)

An RFQ is conducted to gather quotes on particular items and compile a short list of suppliers. Once a buyer sends out an RFQ, a potential supplier can provide as much information about a product as it chooses. For some suppliers, this may include descriptive product information, shipping rules, and other important attributes.

        Request For Proposal (RFP)

An RFP is conducted to gather additional information about an item and attributes related to price and quantity. A potential supplier will send back information in response to this RFP that may lead to a negotiation between the buyer and supplier over specific details of the proposal.