A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ contains detailed information about a buyer’s sourcing requirements. It is posted by the buyer and is reviewed by Alibaba.com’s industry expert before being published on the site or being matched to a suitable supplier.
RFQ PROCESS :
- Buyer submits RFQ
- Alibaba.com reviews RFQ
- Suppliers submit quotations
- Alibaba.com screens quotations
- Buyer receives quotations
- Trade begins
- All members have the same basic quoting rights which is 20 RFQs per month. It could not be changed. To increase quoting permissions, the only way is to get more rewarding quoting rights.