Request for Quotation (RFQ) for Preparing Great Tenders

INTRODUCTION

A request for quotation (RFQ), also known as an invitation for bid (IFB), is a procedure in which a corporation solicits price estimates and bids from selected suppliers and contractors for the opportunity to complete certain tasks or projects. Businesses that want a continuous supply of a particular number of standard items should use the RFQ method. Companies can send RFQs before or after submitting a request for proposal (RFP).

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Know the difference between an RFI, RFT, RFP, and an RFQ?
• Learn RFQ prerequisites?
• Know what mentality is required to manage a successful RFQ?
• Provide step-by-step instructions for running the RFQ.

 WHO SHOULD ATTEND THIS COURSE?

• Project Managers
• Operations Managers
• Procurement and logistics professionals
• Supply chain manager
• Management Representatives
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Procurement planning
• Business analysis
• Structured thinking
• Business forecasting
• Inventory planning
• Performance evaluation
• Procurement innovation and creativity
• Negotiation planning
• Evaluating suppliers
• Training buyers
• Writing procurement KPIs
• Market search for better suppliers
• Tender management