What document is typically issued in response to a request for quote (RFQ)?

When a request for quote (RFQ) is issued, it is a formal invitation to suppliers to provide pricing and other terms for the product or service being requested. The document that is typically issued in response to an RFQ is a response to RFQ. This response outlines the supplier's pricing, terms, and any conditions they may have regarding the fulfillment of the order.

A response to RFQ is crucial as it provides the buyer with necessary information to make informed purchasing decisions and to compare offers from different suppliers. This document can also include additional details such as delivery timelines, warranty information, and payment terms, which are critical for evaluating vendor proposals. The completeness and clarity of this response can significantly impact the selection process and subsequent purchasing decisions.

In contrast, while a purchase order acknowledgment confirms the receipt and acceptance of a purchase order, it is not the initial response to an RFQ. Similarly, a sales order form is generated after an agreement to proceed with the transaction, and a catalog update refers to changes in the supplier’s offerings rather than an official response to an RFQ. Thus, the response to RFQ is the most appropriate document issued as a reaction to the requests made in the RFQ.