The generic name for market enquiries. This reflects the fact that whether the enquiry is for information [RFI], quotation [RFQ], proposal [RFP] or tender [RFT], there are some common characteristics. The most obvious common characteristics are that a common enquiry document is sent to multiple respondents, aspects of the enquiry require a response, and the responses need to be collated, recorded and evaluated in a systematic and transparent way.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
