Create RFQs and POs

Learn how to facilitate procurement processes by creating a purchase order (PO) or request for quote (RFQ).

An RFQ is a document used to solicit price quotes or bids from suppliers or vendors for specific goods or services. A PO is a document issued by a buyer to a seller indicating the specific goods or services to be purchased, their quantities, agreed prices, and other relevant terms and conditions. With OpenBOM,  the process of creating a PO or RFQ is easy.

What’s special about this feature?

  • Speeds up procurement and helps maintain a centralized record

  • Simplifies the tracking of quantity on hand (QOH), identifies inventory gaps, and effortlessly converts them into RFQ/PO for seamless vendor communication

  • Optimizes batch production by utilizing BOM data to automate PO creation and specify essential part details, like descriptions and quantity

  • Ensures a seamless transition from order to delivery by facilitating efficient tracking and management of orders

How do I create RFQs and POs?

Watch the video below to learn how to manage your inventory, purchase orders, and more with OpenBOM.

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