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A detailed RFQ may be circulated through digital and print media so as to get responses from maximum vendors.
The RFQ should cover a detailed Proposal and a relevant Questionnaire.
Appropriate Compliance Matrix must be designed so that the vendor will give his all strengths and capabilities and resources.
Assuming more than threshold number (say 5) vendors send their proposals same must be scrutinized by team from Senior Management .
Based on this Vendor Score is worked out.
Top scoring vendor is then approved.
the cheap one with good quality
