All factors that would affect a supplier’s cost such as quality requirements, service expectations, payment terms, lead times, delivery requirements, etc. are included in the Request for Quotation.
Tactica works with the Buyer to create a
Total Cost RFQ, which is distributed to the high-quality suppliers that the Buyer
selects. Following the bidding event, the Buyer makes award decisions and is
not obligated to award to the low-bidding supplier.