Question: 1. What is procurement? List five reasons why organizations outsource? 2. What is an RFP? What is its purpose? Who prepares/issues the RFP? 3. Identify

1. What is procurement? List five reasons why organizations outsource? 2. What is an RFP? What is its purpose? Who prepares/issues the RFP? 3. Identify and describe the components/sections that should be included in a typical RFP. 4. What is an RFQ? How is it different from and RFP? 5. What is the response to an RFP? What is its purpose? Who prepares/submits the response? 6. Identify and describe the components/sections that should be included in a typical response to an RFP

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