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Request for Quotation (RFQ): Prepare & Run Tenders (2026)

Name: Request for Quotation (RFQ): Prepare & Run Tenders (2026)
Rating: 4.2 (77 reviews)

PRACTICAL steps used by the world class Procurement, Purchasing and Supply chain professionals (with the updates 2025)

Created byRobert Freeman

Last updated 5/2026

English

What you'll learn

What is a difference Between RFI, RFT, RFP and RFQ?
What are the preconditions for RFQ?
What is the right mindset for running the successful RFQ?
How to run the RFQ: step-by-step?

Course content

5 sections • 11 lectures • 1h 3m total length

Introduction and content of the course3:14

Lesson 1. Difference Between RFI, RFT, RFP and RFQ6:12
Many Procurement students, but also professionals struggle with this wording.
What is the meaning behind each of the following procurement terms: RFI, RFQ, RFT and RFP?
Lesson 2. Preconditions for RFQ: Products and suppliers9:52
In this lesson we will talk about the products and suppliers which are suitable for the RFQ.
Reason why I will talk about that – not all products are suitable for RFQ, and not all the suppliers either. You as Procurement specialist must understand beforehand if the products and suppliers are even suitable for RFQ
Lesson 2. Preconditions for RFQ: What is price?9:02
Price is very important for every Procurement specialist and often plays the deciding role in awarding the contract. Right?
But what is price perception for people and suppliers?
Lets take the out of the box approach to prices!
Lesson 3. Mindset for the RFQ5:31
Before we jump into the RFQ process – last preparation is connected to mindset for running a smooth and successful RFQ
Samples and Templates of RFQ0:21
Here I decided to share the tamplates and samples of the RFQ's:
- these are the real RFQ's
- these RFQ's are for both governmental organizations, commercial organizations, non-profit organizations
- these RFQ's templates are collected from the different parts of the world
- these RFQ's are for big projects and for small purchases

Please read them carefully and try to understand their structure, description of products and services, winning criteria, time horizons etc.
PLEASE INVEST ENOUGH TIME in studying those documents! Hope you will learn a lot from those!

Lesson 4. Running the RFQ step-by-step (part 1)8:03
Specification is critically important to align the understanding of the final result. You as a customer and suppleirs MUST understand the requirements and expectations. To the very last detail.
Otherwise the risk is high that you will run after the lowest price and will become dissapointed by the final result...
Lesson 4. Running the RFQ step-by-step (part 2)9:28
After the request for Quotation was sent to potential suppliers – the most fun part starts...
Lesson 4. Running the RFQ step-by-step (part 3)5:13
You should finalize your analysis, understand who will take the business and who will not...
Of course the end of RFQ process is connected to awarding the contract!
There are 5 types of contracts that I want to touch upon in this lesson.

Lesson 5. Tips and tricks for successful RFQ (and Additional Content)5:50
Here we will take some last tips and tricks for running a successful RFQ. Some of them are just small pieces of advice, others are practicalities, but everything is taken from my own experience after running quotations and tendering processes for the last 15 years or so.
Also you can download the slides to this course below.
ADDITIONAL MATERIALS: also I give you my 3 e-books for your inspiration and development!

Requirements

You don’t need any specific knowledge to finish the course. Just common sense
However this course will make a much bigger effect for you, who already have some experience in Procurement and Supply Chain. You will recognize many of your tough situations and challenges that you are facing everyday at your work

Description

Welcome to my RFQ course!

My name is Robert Freeman and I am procurement expert.

I am working in Procurement and supply chain since the early 2000's, and I am very happy to share with you some of my practical knowledge. This course will guide you through the tendering process, and more specifically about the part of this process which is called RFQ - Request for Quotation.

This tool is used in most organizations all over he globe! It is by far my favorite tool in Procurement professional arsenal.

In this course we will look into the difference between these 4 terms:

RFI (Request for Information),

RFT – Request for Tender,

RFP – Request for Proposal,

RFQ – Request for Quotation.

And of course we will concentrate on RFQ part. We will look into the preconditions for running a successful RFQ. What should we prepare as Procurement or Purchasing specialists before even starting the tendering process.

We will also establish the right mindset for tendering process and RFQ. These soft factors are critically important for running the successful RFQ.

And finally - we will go through RFQ process. Step-by-step from preparing the specifications till awarding the contract!

In the end I will share some of my Tips and tricks for successful RFQ, based on my experience and practice.

This course will give you only the proven practices for Procurement, Purchasing and Supply chain professionals!

I do all my courses in a way that I would like to listen to the course on my own as well. So the material is easy to follow and understand, well structured and presented in a simple and straightforward way. And what is the most important – you can start using the tools and the logic of RFQ already after finishing the course.

I am proud of the materials collected in this course and I am sure that you will bring your RFQ s and tendering processes to the very next level! Also I am sure that you will improve your organization and your career!

Have a look into the preview lessons. If you like them - just go for the course. You will not regret it!

Warm welcome to my course and see you in the first lesson!

Who this course is for:

Beginners and Professionals of Procurement, Purchasing organizations
Supply Chain students and specialists
Government Procurement organizations

Request for Quotation (RFQ): Prepare & Run Tenders (2026)

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 3min

Preparing to the RFQ5 lectures • 31min

Running the RFQ3 lectures • 23min

Tips and tricks (and Additional BOOKS)1 lecture • 6min

P.S. Want to learn more?1 lecture • 1min

Requirements

Description

Who this course is for: