Demonstrate understanding of the purpose of the procurement process. What are the purposes of the request for proposal (RFP), the request for information (RFI), and the request for quotation (RFQ)? Provide detail for when and how to use each to help an HCO more fully identify its needs and the issues involved with planning for significant projects or purchases.

Answer rating: 100% (QA)

The procurement process is a critical component of organizational management especially in the context of significant projects or purchases It involves the systematic acquisition of goods services or ... View the full answer