Automate RFQ processes and get responses faster.
Fast and streamlined request for quotations (RFQ) software for electronics
Stop losing time in spreadsheets and endless email ping-pong. Automate your RFQs, consolidate supplier quotes, and choose the best quote that sets you up for success.
Reduce your RFQ workload and increase efficiency by focusing on the parts that matter most. Our RFQ solution helps you quickly identify and request quotes for high-impact items, saving you time and ensuring you get the best prices on the components that truly affect your profitability.
Prepare RFQs in minutes by focusing on your critical parts
ABC-classification
Categorize parts and prioritize your most critical items to focus your RFQ efforts where they have the greatest cost impact.
Real-time pricing and lead times
Instantly access up-to-date pricing and lead times from 50+ leading distributors and manufacturers. Use this data to strategically select which parts require a formal RFQ.
Automate RFQ generation
Ensure consistency and clarity with automated, pre-built templates for every quoting scenario. Every supplier receives the same clear request, streamlining the process and reducing back-and-forth communication.
Centralize and consolidate supplier quotes without losing track
Centralized quote management
Gain a single, real-time dashboard view of every outstanding quote request. Know who has responded, who is late, and what you need to follow up on, all at a glance.
Built-in supplier portal
Give your suppliers a dedicated, professional portal for submitting quotes. This streamlines communication, ensures faster responses, and provides you with clean, structured data every time.
Automated reminders and follow-ups
Stay on top of every RFQ effortlessly. Luminovo automatically sends reminders to suppliers, ensuring a timely response while you focus on strategic tasks.
Stop wasting time on manual data entry and email searches. Get every supplier response in one structured, comparable view, so you can make the right sourcing decisions quickly and confidently.
Treat your suppliers like true partners. Our platform makes it easy for them to respond to your RFQs, whether they use the intuitive supplier portal or their familiar spreadsheets. This seamless experience strengthens your relationships and ensures you get the quotes you need, faster.
Professionalize collaboration and improve your supplier relationships
Clear feedback and analytics
Provide suppliers with valuable insights. They can receive feedback on their offers and track their performance, helping them improve future bids and enhancing long-term collaboration.
Self-service for suppliers
Empower suppliers to manage their own data. They can easily import their offers via Excel or PDF, which speeds up the quoting process and eliminates endless email loops for both sides.
Centralized collaboration and transparency
Ensure everyone stays on the same page. You and your suppliers can track all RFQs and quotes in one central view, providing complete transparency and a single source of truth for every project.
How your new RFQ process looks like with Luminovo
Prepare and send RFQs with automated templates
Easily generate and send professional RFQs to all your preferred suppliers with a click, ensuring a quick and clear request every time.
Manage supplier communication without friction
Distribute RFQs to multiple suppliers at once and let the system handle reminders and status tracking.
Easily analyze, compare and choose without any consolidation hassle
Make a confident decision and use the data to create a profitable, accurate quote that wins the deal.
Why choose Luminovo for your quote request and RFQ management
True automation
Our software handles the most tedious tasks for you, from automated RFQ generation to seamless data consolidation.
Real-time sourcing
Live access to 1,000+ distributors for real-time prices, lead times, and direct ordering
End-to-end platform
Our RFQ solution works seamlessly with our broader solution of tools for other jobs you need to do daily.
Improve supplier collaboration
Get quicker, more complete responses from suppliers with structured submissions and auto-reminders via our centralized supplier portal.
Full visibility on quote pipeline
Never miss a response and track every open request with your centralized RFQ dashboard and real-time updates.
Electronics specific
Handle all your electronics projects, from prototype to series production, with our specialized software.
More than just RFQs
From design to prototype and series production, you can seamlessly quote, source and procure components in our powerful all-in-one platform. Explore more solutions:
FAQs
Explore all the most frequently asked questions.
All data in one place with 100+ integrations
Unlock the full potential of your electronics supply chain with powerful integrations designed to enhance functionality and streamline your workflows.
