A Request for Quote (RFQ) process is a tried and trusted method of procurement that allows organizations to get the most value from their purchases. The process typically involves inviting suppliers to submit detailed quotations on goods or services, which are then evaluated against predetermined criteria and compared against one another. This helps ensure that the best possible deal is obtained for an acquisition. With the RFQ process, organizations are able to source products and services in a more efficient, cost-effective manner, ensuring maximum value for their money.