The first stage in a procurement process whereby the buyer communicates its needs to potential suppliers, who will then submit tenders based on the requirements, is called:
A) procurement ignition
B) request for proposal
C) procurement proposition
D) procurement first notification
E) request for quotations

Question

Quizplus · Accepted Answer

The first stage in a procurement process is often the request for proposal (RFP), where the buyer communicates its needs to potential suppliers and invites them to submit proposals or bids to provide the required goods or services. The RFP outlines the specific requirements, evaluation criteria, and other information necessary for the supplier to submit a comprehensive proposal. The RFP is a critical component of the procurement process as it sets the foundation for a successful procurement outcome. The other options listed are not commonly used terms for procurement processes.

The First Stage in a Procurement Process Whereby the Buyer