Request for Quote Governance

1. (noun) The acts of controlling, directing, and standardizing the conduct, actions, and solutions associated with the oversight of Request for Quote Management.

2. (noun) The documented set of policies, standards, rules, and controls that define how one or more Request for Quote Items are to be registered, tracked, and managed within an Organization.

3. (noun) An Organization, or organizational unit, whose primary responsibility is to establish, oversee, and enforce the policies, standards, and controls governing the management of a set of Request for Quote Items.