RFQ/Bidding Process using Vendor Collaboration portal in Microsoft Dynamics 365 finance and operations: Part-4

In this Blog, we will see how we can use the Vendor Bidding workspace on vendor collaboration.

Scenario for this will be when company create RFQ and sends to vendor for response. Now this process is manual or through email, now all this can be managed though the vendor collaboration portal itself.

If you want to go through earlier blogs of this series, you can read here: Part-1, Part-2, Part-3

Let’s start with the process:

Overall Process :

Step-1: Create New RFQ in Finance and Operation

Step-2: Add Line items, Vendors and Send for Bidding in Finance and Operation

Step-3: Now, Vendor will login to Vendor Collaboration portal

Step-4: View Bid Invitation and work with Bid and Submit/Decline

Note: Vendor can choose to Decline or Bid to the invitation, in this example let’s say vendor chose to Bid

Step-5: Receive Response in Finance and Operations and Compare

Note: Now we can Accept/reject or return for some changes, in this example let’s say we return for some changes

Step-6: Vendor can view the returned Bid and Resubmit again

Step-7: View the Resubmitted response and take action

Lets say this time we accept

Step-8: Vendor can view awarded Bid on vendor collaboration

That’s it for this blog, will be back with next blog soon.

Thank You !!! Keep reading and sharing !!!