What is Rfx Software?

RFx is a common acronym used in the procurement landscape and it captures all references to Request for Proposal (RFP), Request for Information (RFI), Request for Quote (RFQ), and Request for Bid (RFB). A business software developed to aid any or every type of RFx is an RFx software. Such software systems generally automate parts of the RFx process and are usually driven by a centralized data repository and are embedded with RFx tools that provide survey support, templates for common quotes and bids, workflow capabilities, and side-by-side reporting.

Related Terms

What is Reporting?What is Req to Check?What is Reverse Auctions?What is Reverse Logistics?What is RFx Tools?