Request For Quote (RFQ) In B2B Ecommerce Marketplaces - Yo!Kart B2B
In this video, we will find out how the 'Request For Quote' functionality works on the YoKart B2B-powered multivendor marketplaces.
The RFQ functionality allows customers to submit requests to charge discounted prices for bulk orders, by stating their requirements to the sellers. The sellers can then respond to these requests with pricing, delivery, and payment terms.
First, there are two methods by which a buyer can purchase a product or service on the platform. The first is the RFQ method, where the buyers can request a quote for their requirements. And the next method is by directly purchasing the product or service for the fixed price set by the seller, by clicking on the Buy Now button.
Second, by default, only the RFQ functionality is available for a buyer to place an order for any product. A seller can only enable both purchasing methods once the admin allows it. In fact, this setting is completely dependent on the price visibility setting under the admin panel. To explain further, if the admin decides that the product’s prices should be hidden from the buyers, then the sellers will not be able to activate the direct purchasing method. And the complete platform will run on the RFQ option for completing a sale.
Third, when the admin leaves the product’s price visibility decision to the seller, the seller can activate the option to purchase a product directly for a fixed price, along with the RFQ functionality. So, if the seller wants, they can choose to activate the RFQ functionality alone or both the purchasing methods for their shop. Kindly note that the resulting purchasing method settings are limited to only the products and services sold by the respective seller.
In short, negotiations are hosted just like the real world with the Request For Quote module in Yo!Kart. Businesses can accept, reject, or place a counter offer.
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Contents of this video
00:00 - Intro
00:32 - Methods to make a purchase on B2B marketplaces
01:53 - Admin/Seller dashboard - RFQ settings
05:38 - Buyer making an offer and counter offer
07:13 - Viewing counter offer on seller dashboard
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Visit our website to learn more about Yo!Kart B2B Marketplace Software: https://www.yo-kart.com/b2b-multivend...
Try the live Demo & experience how Yo!Kart B2B powered marketplaces work:
1. Admin Area: https://b2b.demo.yo-kart.com/admin/ad...
2. Front-End: https://b2b.demo.yo-kart.com/
3. Seller Area: https://b2b.demo.yo-kart.com/supplier
4. Buyer Area: https://b2b.demo.yo-kart.com/guest-us...
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