The What: What is an RFQ Process? An RFQ (Request for Quotation) is a structured sourcing process used to obtain pricing, commercial terms, and delivery commitments from multiple suppliers for a defined requirement. In theory, RFQs create competition and help buyers identify the best supplier. In practice, many procurement teams still run RFQs through email, spreadsheets, and… Continue reading Episode 2: How to Run a Competitive RFQ Process Without Endless Emails