How does Alibaba RFQ work?

Types of RFQ Here, the buyer invites specific vendors to submit a quote which they would then consider. Here, the buyer invites specific sellers to submit a quote, allowing each seller’s quote to be visible to others.

How do you make a good RFQ?

Your RFQ should include the following:

1. Specific parts or products, with detailed descriptions.
2. Delivery requirements.
3. Product quantity.
4. Payment terms.
5. Selection criteria.
6. RFQ timeline and review process.
7. Terms and conditions.
8. Submission requirements.

How do I approach suppliers to Alibaba?

Here are my best tips for negotiating a competitive price with Alibaba suppliers.

1. Show your respect for them.
2. Ask deep questions.
3. Ask for a sample.
4. Pretend you are not the decision maker.
5. Don’t give away your weaknesses.
6. Consider the supplier’s margin.
7. Be willing to walk away.

How do I get a quote from a vendor?

Here are some example sentences:

1. I would like to request a quote for _________.
2. I would be interested to know the price of ________.
3. Please could you send me a quote for_______.
4. Please could you provide me with a quote for ______?
5. I would be grateful if you could send me a quote for the following_______.

How do I get a quotation from Alibaba RFQ?

Alibaba Request for Quotation (RFQ): A Complete Guide. The free Alibaba RFQ service enables you to receive quotations from multiple suppliers, in a matter of days. All you need to do is to fill in a form and click on the submit button.

What is RFQ (Request for quotation)?

Alibaba RFQ (Request for Quotation) is a service provided by Alibaba to global buyers to post buying requests and manage all quotations on the RFQ service platform. It is quite easy to post an RFQ from the buyer’s end.

Are RFQs the right tool for your procurement needs?

Although they are a valuable tool for assessing and understanding the pricing options available to you, RFQs are not suitable for every procurement situation. For instance, buyers use RFQs when the required products or services are very specific. This means they may not be a good fit when you’re not exactly sure what you want or how much.

Does Alibaba monitor supplier communications?

Neither is Alibaba monitoring communications between buyers and suppliers. It’s ultimately your responsibility as a buyer to create a clear product specification, and then implement a strict quality assurance plan that can identify and correct potential quality issues. Does Alibaba guarantee that only qualified suppliers respond to the RFQ?