Request for Quotation (RFQ)
A request sent to one or more vendors asking for prices. Quotes are compared and the winning one becomes a PO or contract.
Where in Maximo
RFQs app; Quotations
At Riverbend RWA sends an RFQ for a spare 250 HP motor to three suppliers and awards the lowest compliant quote.
Related Terms
Verify in IBM Docs: IBM Docs > Maximo Manage > Purchasing / Contracts