Request for Quote (RFQ)
Farben automates sourcing from intake to award by comparing vendor responses, applying policy checks, and selecting the best-fit supplier with transparent decision logic.
Needs Assessment
User defines requirements
Faster, fairer procurement decisions
Farben evaluates quotes against your historical data, SLA requirements, and compliance rules so teams can award confidently without spreadsheet-heavy back and forth. Procurement cycles shorten while governance gets stronger.
Auto-shortlist vendors based on fit, risk, and performance history.
Score bids on price, delivery, compliance, and reliability.
Generate award-ready outputs with an auditable rationale.
What makes Farben RFQ different
Farben turns sourcing into a repeatable decision engine by unifying vendor intelligence, policy checks, and scoring logic in one auditable workflow.
Better vendor fit
Shortlist suppliers using historical performance, SLA alignment, and contextual business requirements.
Fair and transparent awards
Score every quote against consistent criteria so procurement decisions are objective and explainable.
Complete decision trace
Maintain audit-ready evidence from requirement definition to final award recommendation.
Operational setup
1. Connect sourcing data, vendor master, and contract repositories.
2. Define scorecards by cost, delivery, quality, risk, and compliance.
3. Run award recommendations with approval gates before autonomous execution.
Best use cases
- • High-volume recurring sourcing requests
- • Multi-country procurement with strict governance
- • Teams optimizing both cost and supplier reliability