Gainfront's RFQ Model
Gainfront links every RFQ to one supplier record, so evaluation, diversity, and risk data stay connected from invite to award.
Hetal MehtaFounder & CEOPublished
At Gainfront, we understand that procurement is a complex decision-making process. That is why we keep it simple, yet smart.
Adopting our tools can transform manual transactional processes, simplify onboarding, and put every RFQ on a shared supplier record — so evaluation, diversity, and risk stay connected from invite to award.
Why manual RFQ processes slow procurement down
A traditional RFQ process starts from a blank spreadsheet. A buyer re-enters supplier contact details, certifications, and past performance every time a new quote request goes out, even for a supplier the team has sourced from before. That duplicate data entry slows the request down, and it disconnects the quote from anything the organization already knows about the supplier’s risk profile or diversity status.
How the RFQ model connects to one supplier record
Gainfront’s RFQ model starts from the supplier record instead of a blank form. When a buyer invites a supplier to bid, the invite pulls from the same profile the supplier used during onboarding, so certifications, risk scores, and past award history are already attached. The supplier does not re-submit information the organization already has, and the buyer does not re-key it either.
What stays connected from invite to award
Because every RFQ lives on the shared record, evaluation, diversity, and risk data move with the bid instead of sitting in separate systems. A reviewer scoring price and delivery terms sees the same supplier’s certification status and risk flags in the same view. When the buyer makes an award, that decision writes back to the record too, so the next RFQ for that supplier starts from an even more complete profile than the last one.
Itemized BOM quoting
Gainfront’s AI/ML-driven software lets organizations create, edit, and store bills of materials electronically. An itemized BOM RFQ therefore goes out with line-item quantities and specifications already attached, rather than as a spreadsheet a buyer re-keys and a supplier re-interprets, which is what makes quote comparison accurate enough to award on.
Gainfront and BD
We partnered with Becton, Dickinson and Company (BD) to manage supplier diversity, spend management, and spend tracking, supporting BD in reaching its supplier diversity goals. Procurement Magazine covered the deployment and how BD uses Gainfront’s modular approach to diversity, ESG, and automation.
Supplier spotlight: EurekaFacts
EurekaFacts, LLC is a full-service market and social science research firm headquartered in the Washington, DC area. It is certified to the ISO 20252 standard for marketing and social science research, and the Hispanic-owned company is certified as a Small Disadvantaged Business at the federal level and as a Minority Business Enterprise nationally and at state and local levels.
Since 2003, EurekaFacts has worked with government agencies, nonprofits, and corporations on research into the social determinants of health, using rigorous data collection and advanced analytics to turn large data volumes into actionable insight. Founder and CEO Jorge Restrepo brings 30 years directing market research and marketing operations for domestic and international organizations, and has served on the boards of the Hispanic Business Foundation of Maryland, the Maryland Hispanic Business Conference, and the Mid-Atlantic Market Research Association.