Which of the following is NOT included in the contents of an RFQ?

Enhance your understanding of CIPS Ethical and Responsible Sourcing. Use flashcards and multiple choice questions to prepare. Get ready for the CIPS exam!

An RFQ, or Request for Quotation, is a document that organizations use to solicit price quotes from suppliers for specific products or services. It typically includes essential information that allows suppliers to provide accurate pricing based on the organization's needs.

Supplier rating criteria, which would be used primarily for assessing and evaluating suppliers based on their past performance, capabilities, or other qualitative factors, are generally not included in the RFQ itself. Instead, this information is typically considered during later stages of the procurement process, such as after receiving quotes when selecting a preferred supplier. The focus of the RFQ is on obtaining pricing and specific terms related to the actual purchase.

The contents of an RFQ usually encompass delivery requirements, technical specifications (such as technical drawings), and quantities, all of which are critical for suppliers to formulate their quotations accurately. By defining these elements, the organization ensures that suppliers understand the exact requirements necessary to meet their expectations in terms of deliverables and pricing.

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