Glossary · Business & Sourcing
What Is RFQ (Request for Quotation)?
An RFQ, or request for quotation, is the document a buyer sends to a manufacturer describing the product it wants and asking for price, minimum order quantity and lead time. In cosmetics sourcing, an RFQ that states format, volume, packaging, target quantity and destination market gets a usable answer instead of a range.
Why it matters when you source
The quality of your RFQ decides the quality of the quote. Vague briefs come back padded with caveats; a specific one returns a number you can plan against. Our quotations and formula recommendations come back within 24 hours when the brief is complete.
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