Request For Quote (RFQ) systems are a procurement tool used to purchase goods and services from suppliers. By issuing an RFQ, you can solicit bids from a wide range of qualified vendors to find the best option for your company. This can be especially beneficial for businesses that need to buy high-quality items in bulk or on a regular basis. A typical RFQ comprises an invitation to quote, list of specifications, pricing requirements, and a deadline for submission. It’s an efficient way to compare prices, quality and features before selecting a vendor that meets all of your needs. So don’t wait – streamline your purchasing process with a Request For Quote today!