Alibaba is a global e-commerce platform that connects buyers and sellers from all over the world. One of the features offered by Alibaba is RFQ, which stands for Request for Quotation. RFQ on Alibaba allows buyers to request quotes from multiple suppliers for a specific product or service.
Alibaba RFQ is essential for buyers who want to find the best deals on products or services. By using RFQ, buyers can compare prices and negotiate with suppliers to get the best possible deal. Additionally, RFQ allows buyers to save time and effort by requesting quotes from multiple suppliers at once.
Key Takeaways
- Alibaba RFQ is a feature that allows buyers to request quotes from multiple suppliers for a specific product or service.
- RFQ is essential for buyers who want to find the best deals and save time and effort.
- By using RFQ, buyers can compare prices and negotiate with suppliers to get the best possible deal.
What is RFQ on Alibaba?
RFQ (Request for Quotation) on Alibaba is a purchasing method where buyers provide their purchasing information and allow the Alibaba platform to find suitable sellers. This service is free of charge and allows suppliers to check the purchasing requirements and quote in a timely manner according to the buyer’s needs.
Alibaba RFQ Process Review
The Alibaba RFQ service can significantly enhance the purchasing efficiency of buyers, while also helping suppliers to better complete order conversion and attract more high-quality buyers. With this service, buyers can proactively announce their procurement requirements, and suppliers can independently select suitable buyers for quotations.
Why Use Alibaba RFQ?
Alibaba RFQ (Request for Quotation) is a powerful tool that enables businesses to find the best suppliers on Alibaba. While Alibaba already screens good suppliers for you, the real challenge is finding the best suppliers that match your business needs. This is where Alibaba RFQ comes in handy.
With RFQ, you can write a detailed request for quotation to suppliers that match your specific requirements. This helps you to receive customized quotations from suppliers that are tailored to your business needs. RFQ also allows you to compare and evaluate multiple quotations from different suppliers, enabling you to make an informed decision when choosing the best supplier for your business.
Alibaba RFQ is a great tool for businesses looking to streamline their supplier selection process and find the best suppliers that match their specific needs.
The Advantages of Alibaba RFQ?
Alibaba RFQ (Request for Quotation) is a useful tool for buyers who want to source products from suppliers on Alibaba. Here are some advantages of using Alibaba RFQ:
How to Make an RFQ in Alibaba?
Before discussing the advantages of Alibaba RFQ, it is important to understand how to make an RFQ in Alibaba. There are two ways to access the RFQ page on Alibaba:
- The buyer can post an Alibaba RFQ when posting an inquiry.
- There is an Alibaba RFQ area in the Services section of the search bar on the homepage.
Even if a buyer starts with product research, they can still submit an RFQ after submitting an inquiry to a specific supplier.
Advantages of Alibaba RFQ
1. Efficient and Time Saving
Alibaba RFQ is an efficient and time-saving tool for buyers who want to develop a new product or customize an existing product. Not all suppliers are willing to spend time and effort to help buyers develop products. If buyers try to contact suppliers one by one, it can waste a lot of time. With Alibaba RFQ, buyers can submit their requirements to multiple suppliers at once, saving them time and effort.
2. Find Unique Products
If a buyer is looking for a very new, novel, and unique product with some unique features that they are not even sure about the keywords to describe it, it can be hard for them to use keywords and product search to find the right product. In this situation, submitting an RFQ can save buyers tons of time and help them find the right supplier much more efficiently.
3. Find Exact Same Product as Competitor
If a buyer wants to find the exact same product that their competitor sells, then RFQ is a good option for them too. They can list out all the specifications and let the suppliers who have the same design reach out to them.
4. First-step Screening Process
Alibaba RFQ offers a first-step screening process that benefits buyers. The maximum quotation number a buyer can get for every single RFQ they submit is 10. Alibaba automatically helps buyers to do a first-step screening process and provides them with a list of the most relevant suppliers.
5. Attract the Best Suppliers
Suppliers can only reply to 30 RFQs per month for free. If they want to reply more, they will need to pay extra money. Good suppliers will be picky when they select RFQs to reply to. They only choose the most serious and professional buyers who show bigger potential for their business. Therefore, buyers need to write a very good Alibaba RFQ to show that they are a more attractive buyer.
In conclusion, Alibaba RFQ is a useful tool for buyers who want to source products from suppliers on Alibaba. It is efficient, time-saving, and helps buyers find unique products and attract the best suppliers. By following the steps outlined in this article, buyers can write an attractive RFQ and get the best quotes from suppliers.
How to Set an RFQ on Alibaba?
When setting an RFQ on Alibaba, it is important to provide detailed information to suppliers to ensure they can accurately respond to your request. Here are the key subsections to consider when filling out an RFQ form on Alibaba.
Alibaba RFQ Keywords
When filling out the product name section, it is important to use proper keywords to describe your product. This will help more suppliers find your RFQ. Keep the product name as simple as possible while still containing the main elements.
Alibaba RFQ MOQ
When specifying the quantity, it is important to provide an estimated purchasing quantity. However, keep in mind that if you put a very small quantity, it is unlikely that you will receive many responses from interested suppliers.
Alibaba RFQ Target Price
When specifying the preferred unit price, it is important to provide a realistic price that reflects your research and judgment. This will indicate to suppliers that you are a professional buyer and increase the likelihood of receiving quality responses.
Alibaba RFQ Form Template
When introducing yourself and your business background, it is important to provide relevant information that will help suppliers understand your needs. Consider including information such as your business name, location, and industry.
Submit Alibaba RFQ
After completing the RFQ form, review the completeness section on the right side of the page to ensure all necessary information has been provided. Once complete, submit the RFQ form to begin receiving responses from suppliers.
By following these guidelines, you can create a comprehensive RFQ form that accurately reflects your needs and increases the likelihood of finding a suitable supplier on Alibaba.
How to Close RFQ in Alibaba?
To close an RFQ in Alibaba, the user should follow the steps below:
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Sign in to My Alibaba Message Center and click the drop-down button. Switch to RFQ.
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Find the RFQ that needs to be closed.
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Click the “Close” button, as shown in the screenshot. If the RFQ has expired, the “Close” button will not be available, and the supplier will not be able to see it either.
By following these simple steps, the user can easily close an RFQ in Alibaba.