RFQ (Request for Quotation)

Examples

1. 01The buyer sends an RFQ for 50,000 die-cast housings a year to 4 qualified suppliers, with drawings and quality requirements.
2. 02RFQ answers are compared on price, tooling cost, lead time and quality history, not price alone.
3. 03The RFQ result is documented with the chosen supplier, the expected saving and the date of the first delivery.