In the fast-paced world of online trading, efficiency is paramount. To achieve this, many companies are implementing robust Enterprise Resource Planning (ERP) systems. An effective ERP can seamlessly integrate all aspects of a trading operation, from order management, to riskassessment and financialtracking. This level of synergy enables traders to
Request for Quotation
A Quote Request, often shortened to RFQ, is a formal request sent by a organization to vendors seeking prices on products or works. The RFQ provides detailed descriptions about the desired solutions, allowing suppliers to submit accurate estimates. After review of the submitted quotes, the buyer can then award a contract to the most acceptable sup