Sourcing Modules
RFI: Request for Information, usually for qualification of suppliers before RFQ
RFQ: Request for Quotation, where bidding on items occurs
RFP: Request for Proposal (combined RFI & RFQ), eTenders
eTenders: Publish tenders online & receive supplier quotes
Reverse Auction: Real-time auction where suppliers bid against each other, reducing bids until the close
Forward Auction: Real-time auction usually held to let buyers sell unused inventory back to suppliers (suppliers increase bids until closure of the event)