What is RFx Tools?

RFx tools are tools usually embedded within RFx software systems that facilitate and automate RFx processes. RFx tools are useful in reducing sourcing cycle time and improving accuracy along with consistency. Modern day RFx tools allow for the creation, editing and storage of project templates and usually are inbuilt with integrated task tracking and workflow management tools.

Related Terms

What is Reporting?What is Req to Check?What is Reverse Auctions?What is Reverse Logistics?What is Rfx Software?