Okuzeka
Logistics & Supply Chain vocabulary · Procurement and Purchasing

RFQ

Meaning in logistics & supply chain, with examples

abbreviationCommon term

In logistics & supply chain, RFQ means: Short for request for quotation: a document a buyer sends to several suppliers asking them to quote prices and terms for clearly specified goods or services.

In Turkish: teklif talebi, fiyat teklifi talebi

How it is used

Buyers send out or issue an RFQ, suppliers respond to it, and the answers are compared before a purchase order is placed. Related documents are the RFI (request for information) and the RFP (request for proposal), used when needs are less clearly defined.

Example sentences

  1. We sent the RFQ to five suppliers and asked for replies by Friday.

  2. The RFQ must state the quantities, delivery terms and required certificates.

Common collocations

  • issue an RFQ
  • respond to an RFQ
  • RFQ deadline
  • RFQ process
  • quotationA written statement from a supplier or carrier giving the price it will charge for specific goods or services, usually valid for a limited time.
  • tenderA formal process in which a buyer invites suppliers or carriers to submit offers for a contract and then chooses among them on price and other criteria.
  • sourcingThe work of finding, evaluating and selecting suppliers for the goods or services a company needs, including deciding where in the world to buy from.
  • purchase orderAn official document a buyer sends to a supplier to order goods or services, listing the items, quantities, prices and delivery terms.
  • supplierA company or person that provides goods, materials or services to another business, usually at an agreed price and on agreed delivery terms.

More terms: Procurement and Purchasing

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: