Which of the following is NOT true with respect to an RFQ or RFP?
A)It describes the purchase requirements.
B)It is the first step in competitive bidding.
C)It is often communicated to suppliers electronically.
D)It is used to determine weights in supplier scorecards.

Question

Quizplus · Accepted Answer

An RFQ or RFP is used to solicit bids from suppliers and typically includes the purchase requirements. It is often communicated to suppliers electronically and is usually the first step in the competitive bidding process. However, it is not used to determine weights in supplier scorecards, as this is typically determined through other evaluation processes.

Which of the Following Is NOT True with Respect to an RFQ