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Request for quotation

Also known as: RFQ

A request for quotation asks suppliers for prices and terms for a defined purchasing requirement. It is not yet an order and needs enough specification to make responses comparable.[1]

State variants, quantities, quality requirements and delivery scope. Otherwise one supplier may include transport while another excludes it. Clarify deviations explicitly rather than comparing totals alone.

Content updated:

Sources

  1. Logistics Glossary - Inbound Logistics

Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.