Chapter 7
RFQ Management Process

This chapter covers the following topics:

  • The difference between RFQs and RFPs.
  • How to manage the RFQ process.
  • Important documents to include in the RFQ.
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At this point in the strategic sourcing cycle, we will focus on answering the following questions:

1. When should I use an RFP and when should I use an RFQ?
2. What do I need to do while preparing an RFQ?
3. What documents should I include in the RFQ?