About this Course
RFQs: Solicit and Track Pricing is a beginner-level course designed for anyone looking to master a core procurement function. In today's competitive business environment, making smart, cost-effective purchasing decisions hinges on a structured, fair, and transparent process. This course demystifies the Request for Quotation (RFQ) process, moving beyond simple definitions to provide a practical, step-by-step guide on how to identify mandatory data fields and apply a standardized template to solicit and track vendor pricing. You will explore real-world case studies, engage in hands-on activities to build your own RFQ, and learn to use a tracking system to manage responses. Whether you are new to a procurement role or occasionally handle purchasing tasks, this course will equip you with the foundational knowledge to manage the quoting process confidently, ensuring you can gather clear, comparable pricing and make sharp, data-driven sourcing decisions
What You'll Learn
- Identify mandatory RFQ data fields and use templates to collect, compare, and track vendor pricing
- Apply standardized RFQ methods to ensure transparent and fair procurement processes
- Manage and track vendor responses using effective monitoring systems for informed purchasing decisions
Prerequisites
- Basic computer and internet skills
- Ability to read course instructions in English and complete short practice activities
Instructors
LearningMate