Request for Quotation

In the Word document “Request for Quotation”, you will find a template you can use in your purchasing process.

A Request for Quotation (RFQ) is a simplified bidding process used to solicit the price of standard goods or services from external suppliers, usually through a bidding process.  An RFQ may involve not only the price per item, but additional information such as the delivery method and date, or the warranty.

If you are interested in optimizing your purchases, please have a look at the following article: Procurement Planning and Sourcing.