RFQ is a document used to request a quote from a supplier for goods or services.

Request for quotation (RFQ) is a document used in product management to solicit quotations from suppliers for the purchase of goods or services. It is typically used when the buyer has a specific requirement and wants to compare prices from multiple suppliers. The RFQ includes detailed information about the product or service being requested, such as quantity, quality, delivery date, payment terms, and any other relevant information. The supplier then responds with a quote that outlines their pricing and terms of sale. The buyer can then compare the quotes and select the best option for their needs. RFQs are an important part of product management as they help buyers get the best value for their money while ensuring that suppliers are providing quality products or services at competitive prices.

1. We are looking for a supplier to provide us with 500 units of product X. Please provide us with a quotation for the product, including delivery costs and any applicable taxes. 2. We are looking for a contractor to provide us with landscaping services for our office building. Please provide us with a quotation outlining the scope of work, estimated timeline, and cost of services. 3. We are looking for a vendor to supply us with office furniture for our new office space. Please provide us with a quotation outlining the types of furniture available, estimated delivery time, and cost per item.