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Structured quoting, round by round.
A structured procurement tool that enables manufacturers to solicit freight rate quotations from multiple transporters in a controlled, multi-round process — ideal for complex, multi-lane contracts where deliberate evaluation delivers better outcomes than a time-pressured auction.
Overview
The Traqo RFQ System supports deliberate evaluation — allowing procurement teams to compare detailed quotations across lanes, negotiate through multiple rounds, and make informed awarding decisions. Ideal for complex freight procurement involving multiple lanes, varied service requirements, and long-term contract negotiations.
1.2 Why RFQ matters for freight procurement
While reverse auctions excel at driving immediate price competition, many scenarios require a more nuanced approach.
Different vendors may be optimal for different routes — RFQ allows lane-level vendor differentiation that a single auction cannot.
Evaluation goes beyond price — reliability, capacity commitment, insurance, special handling capabilities all factor into the award.
Total cost of ownership matters more than the lowest spot rate. RFQ supports structured evaluation of long-term value.
Some industries or organizations mandate a formal quotation process for compliance — RFQ provides the required structure and audit trail.
Where maintaining vendor relationships is critical for service continuity, RFQ's structured process preserves those relationships better than aggressive auctions.
1.3 RFQ vs Reverse Auction — when to use which
End-to-end RFQ workflow — swim lane diagram
12-step structured quoting journey from trigger to rate master update, with two decision points: multi-round loop and RFQ-to-auction conversion.