Archive Tag: RFP

Forms used by Procurement

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Typical Forms most used by Procurement Professionals In order to manage the need to purchase supplies and services, purchasing professionals turn to certain forms or documents to obtain the internally […]

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Evolution of the RFQ

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Evolution of the RFQ: Acronyms are becoming a part of everyday purchasing lingo. Here are just a few we are becoming accustomed to: TCO, RFQ, RFI, RFP, LOU, LOI, ABC, […]

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Tender Response How To: Tendering skills are a critical component of the professional buyer’s job description however, responding to a tender or RFQ is vital to the success of any […]

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The Use of Quotations

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Quotations are requested when the size of the requisition or proposed commitment exceeds a minimum dollar amount stipulated usually by policy in the organization of the bidder: for example, $500.00. […]

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RFP – What is it?

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Request for Proposal – RFP: What is a RFP and how and when should a procurement professional utilize it. A Request for Proposal (RFP) is an invitation to Vendors to […]

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Purchasing Glossary or Buzzwords

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RFQ – RFP Glossary Buzzwords Ever wonder what some of the terms used by Materials Managers and Purchasing Agents mean? Terms like RFQ, FOB, DNR , or a RFP, Vendor, […]

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When to use a RFP versus a RFQ

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Using an RFP versus a RFQ: This is a good question and one we hear often. We will try our best to provide a simple answer to help you make […]

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Basic RFQ Template: The expenditure or value of the acquisition item and the risk usually determines the amount of work and effort you put into your RFQ | RFP proposals […]

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Letter of Intent-LOI or Letter of Understanding-LOU: For larger contracts or big dollar supply agreements, some corporations prefer to start a relationship by issuing a letter of intent (LOI) to […]

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Award Letter for RFQ | RFP

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Award Letter for RFQ or RFP: Out of all the letters a Buyer will pen during a work day, the Award Letter for an issued RFQ | RFP is the […]

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Request for Proposal: A request for proposal (RFP) is basically a publication of detailed requirements by a prospective buyer in order to solicit vendor quotations. A request for proposal may […]

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Quoting Software

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Quoting Software: Our RFQ software or quoting software has been released. Visit RFQPro  Software. We do understand that you might be looking for other forms of quote software, however if […]

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