1. How do I create a Request for Quotation (RFQ) and specify my requirements?
This is a guide, where we’ll break down on how to create Request for Quotation (RFQ)on our platform. You can create a RFQ and mention your specific requirements by following these 4 easy steps.
Note: RFQ is a document that is sent to suppliers or manufacturers to request quotes for specific products or services. By specifying the specific products and services that you need, you can narrow down the number of potential suppliers or manufacturers.
If you want to know more about RFQ(add blog hyperlink later)
Step 1: Access the Home Dashboard
Navigate to the Home Dashboard or RFQ List. Look for the ‘Create RFQ’ button, which is typically accessible on multiple pages.
Step 2: Add Items
After clicking ‘Create RFQ,’ proceed to add the items for which you are seeking a price quote, we cater different categories like raw material, custom manufacturing and bought out parts. Specify the quantity, item name and other relevant details about the products or services you’re interested in.
Step 3: Provide Necessary Information
In the third step, furnish all the essential information. Include details such as:
RFQ Expiry Date: Specify a deadline by which suppliers should submit their quotations.
Expected Lead Time: Indicate the time it takes between receiving the order and delivering it to the customer.
Cost Breakdown: Provide a breakdown of the costs associated with the requested items.
Required Documents: If there are specific documents suppliers need to provide, mention them here.
Terms and Conditions: Clearly outline any terms and conditions that suppliers must adhere to.
Step 4: Review and Submit
In the final step, review all the entered information and steps to ensure accuracy. If everything looks satisfactory, click the “Submit” button to send the RFQ to potential suppliers.
This process streamlines communication and ensures that suppliers understand your requirements, making it easier make informed decisions.
