Request For Quotation ( RFQ ), is a fast sourcing method where the buyer need to fill a short form mentioning what is he searching to source and what are his requirements. The buyer can mention what type of supplier is being looked for and just submit the RFQ. Merchant Bay algorithm will find the right suppliers for the RFQ and will show it to the suppliers for bidding on the RFQ. Supplier will then reply with their Quotations. In the Manage RFQ Section, buyer can see all the responses and all the RFQ he has created to compare and communicate with the suppliers and lock orders.