Types of Requests for Quotes (RFQ)

There are 2 RFQ types:

1. Individual Product RFQ - A buyer asks a specific supplier to submit their price quotations for a specific product 
2. Category Wide RFQ - A buyer asks multiple suppliers to submit their price quotations for a product within a certain category. Suppliers in the category will receive the RFQ and offer a quotation based on the buyer’s request.