Request for Quotation (RFQ) in tendering process

PRACTICAL steps used by the world class Procurement and Supply chain professionals

Created by : Rated :4.6 22062 views

Last Updated: 2022-05-03 11:05:10 English Course Type: Self Learning

What is a difference Between RFI, RFT, RFP and RFQ?
What are the preconditions for RFQ?
What is the right mindset for running the successful RFQ?
How to run the RFQ: step-by-step?

Welcome to my RFQ course!

I am very happy to share with you some of my practical knowledge. This course will guide you through the tendering process, and more specifically about the part of this process which is called RFQ - Request for Quotation.

This tool is used in most organizations all over he globe! It is by far my favorite tool in Procurement professional arsenal.

You don’t need any specific knowledge to finish the course. Just common sense
However this course will make a much bigger effect for you, who already have some experience in Procurement and Supply Chain. You will recognize many of your tough situations and challenges that you are facing everyday at your work

Beginners and Professionals of Procurement, Purchasing organizations
Supply Chain students and specialists

Section 1 : Introduction 1 Lectures 00:03:14
Lecture 1 :
Introduction and content of the course Preview
Section 2 : Preparing to the RFQ 4 Lectures 00:30:37
Lecture 1 :
Lesson 1. Difference Between RFI, RFT, RFP and RFQ
Many Procurement students, but also professionals struggle with this wording. What is the meaning behind each of the following procurement terms: RFI, RFQ, RFT and RFP?
Lecture 2 :
Lesson 2. Preconditions for RFQ: Products and suppliers
In this lesson we will talk about the products and suppliers which are suitable for the RFQ. Reason why I will talk about that – not all products are suitable for RFQ, and not all the suppliers either. You as Procurement specialist must understand beforehand if the products and suppliers are even suitable for RFQ
Lecture 3 :
Lesson 2. Preconditions for RFQ: What is price?
Price is very important for every Procurement specialist and often plays the deciding role in awarding the contract. Right? But what is price perception for people and suppliers? Lets take the out of the box approach to prices!
Lecture 4 :
Lecture 5: Lesson 3. Mindset for the RFQ
Before we jump into the RFQ process – last preparation is connected to mindset for running a smooth and successful RFQ
Section 3 : Running your RFQ 3 Lectures 00:22:44
Lecture 1 :
Lesson 4. Running the RFQ step-by-step (part 1)
Lecture 2 :
Lesson 4. Running the RFQ step-by-step (part 2)
After the request for Quotation was sent to potential suppliers – the most fun part starts...
Lecture 3 :
Lesson 4. Running the RFQ step-by-step (part 3)
You should finalize your analysis, understand who will take the business and who will not... Of course the end of RFQ process is connected to awarding the contract! There are 5 types of contracts that I want to touch upon in this lesson.
Section 4 : Tips and tricks (and Additional BOOKS) 1 Lectures 00:05:49
Lecture 1 :
Lesson 5. Tips and tricks for successful RFQ (and Additional Content)
Here we will take some last tips and tricks for running a successful RFQ. Some of them are just small pieces of advice, others are practicalities, but everything is taken from my own experience after running quotations and tendering processes for the last 15 years or so. Also you can download the slides to this course below. ADDITIONAL MATERIALS: also I give you my 3 e-books for your inspiration and development!

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Robert Freeman,

233253 Course Views

8 Courses

I spent 15 years actively contributing to Procurement development of medium-size companies and large international corporations in Manufacturing and Retail, being a sourcing responsible for 800'000'000 Euro business. Was working with Retail and Manufacturing companies in Europe, Asia and North America. I truly believe in power of Procurement organization for the success of the entire company, and I want to spread my knowledge and experience to all over the world. That is why I developed a Future Procurement development program. Probably the best program in the world for Procurement professionals! I want to share my knowledge and engage as many people as possible around idea of improving the existing practices in our business, bringing our profession to a completely new level. My mission is: “To improve the world by Future Procurement organizations”.