What are the advantages of using online marketplaces for RFQs?

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If you are in the business of selling products or services, you probably know what a request for quotation (RFQ) is. It is a document that invites potential suppliers to submit a bid for a specific project or contract. RFQs are commonly used in industries like manufacturing, construction, engineering, and IT. However, the traditional way of sending and receiving RFQs can be time-consuming, costly, and inefficient. That's why more and more buyers and sellers are turning to online marketplaces for RFQs. In this article, we will explore some of the advantages of using online marketplaces for RFQs and how they can help you improve your sales performance.

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