Utilizing a request for quotation (RFQ) is part of the ___________ process:
A) Supplier evaluation
B) Risk mitigation
C) Request for proposal
D) Supplier selection
E) a and b

Question

Quizplus · Accepted Answer

RFQs are typically sent out during the supplier selection process in order to gather pricing information and other details from potential suppliers. They are not typically used for supplier evaluation or risk mitigation, and while they may be similar in some ways to a request for proposal (RFP), they are generally focused more narrowly on pricing and other quotable details.

Utilizing a Request for Quotation (RFQ) Is Part of the ___________