A/An _____ involves sending a preliminary survey to suppliers.
A)request for quotation
B)request for information
C)purchase order
D)order release
E)All of these answers.

Question

Quizplus · Accepted Answer

A request for information (RFI) is a preliminary step in the procurement process that involves sending a survey to potential suppliers to gather information about their capabilities, products/services, pricing, and other relevant details. The purpose of an RFI is to screen potential suppliers and narrow down the list of vendors that will be invited to submit formal proposals. A request for quotation (RFQ) is a more formal solicitation that is typically sent to the shortlisted vendors and includes specific requirements and parameters that suppliers must adhere to when submitting their quotes. A purchase order (PO) is a document that a buyer issues to a supplier to formalize the purchase of goods or services. An order release is a notification sent to a supplier once a PO has been approved and authorized for shipment. Therefore, none of the other options involve sending a "preliminary survey" to suppliers.

A/An _____ Involves Sending a Preliminary Survey to Suppliers