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REQUEST FOR QUOTATION (THIS IS NOT AN ORDER) 1. REQUEST NO. THIS RFQ IS 3. REQUISITION×PURCHASE REQUEST NO. 2. DATE ISSUED 05×12/2010 SRS50010Q7783 PAGE IS NOT A SMALL BUSINESS SEASIDE OF PAGES
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How to fill out request for quotation is

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How to fill out a request for quotation:

01
Gather all necessary information: Before filling out a request for quotation, make sure you have all the relevant details about the product or service you are requesting a quote for. This may include specifications, quantities, delivery requirements, and any other pertinent information.
02
Identify potential suppliers: Research and identify potential suppliers who can provide the product or service you need. Check their reputation, experience, and pricing to ensure they are suitable for your requirements.
03
Contact the suppliers: Reach out to the chosen suppliers and provide them with the necessary information. You can either email them the request or use online platforms that facilitate quotation requests. Make sure to include specific details and any supporting documents if required.
04
Request for formal quotation: Request the suppliers to provide a formal quotation in writing. This will ensure clarity and avoid misunderstandings. Specify any deadlines or timeframes for the quotations.
05
Compare and evaluate the quotations: Once you have received the quotations, carefully review and compare them. Analyze the pricing, terms and conditions, delivery schedules, and any other relevant factors. Also, consider the supplier's reputation, customer reviews, and overall suitability for your needs.
06
Seek clarification, if required: If any part of the quotation is unclear or if you need more information, don't hesitate to reach out to the suppliers and seek clarification. It's essential to have a clear understanding before making any decisions.
07
Make a decision: Based on your evaluation, choose the most suitable supplier that meets your requirements, budget, and expectations. Consider factors such as price, quality of the product or service, delivery timeframe, and the supplier's ability to meet your specific needs.

Who needs a request for quotation:

01
Businesses or organizations looking to source products or services: A request for quotation is essential for businesses or organizations that are looking to procure products or services from external suppliers. It allows them to gather offers and choose the most suitable supplier.
02
Procurement and purchasing departments: Request for quotation is commonly used by procurement and purchasing departments in companies. It helps streamline the sourcing process, ensure competitive pricing, and maintain accountability in supplier selection.
03
Individuals or contractors: Even individuals or contractors who require specific products or services for their projects may need to send out requests for quotation to various suppliers. This allows them to compare prices and choose the best option for their needs.
Overall, the process of filling out a request for quotation involves gathering accurate information, identifying potential suppliers, contacting them with the necessary details, evaluating the received quotations, seeking clarifications if needed, and making an informed decision based on the evaluation. This process is useful for businesses, procurement departments, and individuals who require products or services from external suppliers.
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Request for Quotation (RFQ) is a document used in procurement to solicit competitive bids from potential suppliers for a specific product or service.
The purchasing department or procurement team within an organization is typically responsible for filing a request for quotation.
To fill out a request for quotation, the document typically includes details such as the product or service required, quantity needed, delivery requirements, and any specific terms or conditions.
The purpose of a request for quotation is to gather pricing information from suppliers in order to make an informed purchasing decision.
Information that must be reported on a request for quotation includes product specifications, quantity needed, delivery requirements, and any terms or conditions.
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