Requesting a Quote

A "Request Quote" is a request to Cofactr to find a part that is in limited supply. This is Cofactr's model for brokerage, which initiates a series of outbound request for quotes from distributors who do not make their data readily available. These distributors range from tier 2 distributors all the way into the gray market.

When you request a quote, Cofactr asks you to enter the quantity of parts you're looking to purchase, the Need By Date of your organization for those parts, the Target Price per Part, and any other relevant Notes for our team that might be relevant or important when Cofactr is attempting to source the part. Let's look at a Quote request for MPN 1N4148W-7-F.

If we're looking to procure 100 of this part, a need buy date of September 24th, at a target price of $5 the information would be filled out and then we'd click "Send Sourcing Requests."

Cofactr will now send the quote request to distributors and update you with all relevant quotes.

Once the request has received a response from the supplier it will appear under Quotes listing as Valid in the case that the quote has returned a buyable option. From here, you can Approve or Reject the part.

If approved, this part will now be included as buyable in any price optimization as well as be directly purchasable through your program or BOM where you requested the quote, by clicking on the part and selecting Purchase Parts.

Written by Phillip Gulley and Melanie Reeves