Request For Quotation (RFQ)

Request For Quotation (RFQ) is a business process in which organizations invite suppliers to bid on specific products or services. Coursera's RFQ catalogue teaches you how to prepare, administer, and manage the RFQ process efficiently. You'll learn to effectively communicate product specifications or service details, evaluate offers based on criteria such as price, quality, and delivery time, and negotiate contracts. You will also gain an understanding of legal and ethical considerations in procurement, how to build strong relationships with suppliers, and the role of technology in streamlining the RFQ process. This skill is essential for those involved in procurement, supply chain management, operations, and any professional looking to understand the commercial purchasing process.