Question: The difference between RFQ and RFP ? While RFQ is used for standardized items RFP is used for complex and customized items. While RFQ is

The difference between RFQ and RFP?
While RFQ is used for standardized items RFP is used for complex and customized items.
While RFQ is used for established suppliers RFP is used for new suppliers.
While RFQ is used for spot purchases RFP is used for contracted purchases.
While RFQ is used for production items RFP is used for non-production items.
The difference between RFQ and RFP? While RFQ is used for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The difference between RFQ and RFP ? While RFQ is used for standardized items RFP is used for complex and customized items. While RFQ is used for established suppliers RFP is used for new suppliers....

Q:

hello, need help with a accounting quiz I have attached: 1) quiz 2)pdf files CH. 18- CH 21 Chapter 18 \"Managerial Accounting Concepts/Job Costing\" from Accounting Principles: A Business...

Q:

where can I find the answers to case 6-1? (i downloaded this from CourseHero) CHAPTER 6 Foreign Currency Translation Examine the following financial performance commentary. It is extracted from Rio...

Q:

**Provide summary of above paragraph in ( More than 3500 words ). Please avoid plagiarism. If you provide wrong solution i will dislike and report you.** ** Don't waste my question. Don't solve if...

Q:

Based on the evolution of international marketing since Levitt's article "TheGlobalizationof Markets" below and on what you know about international marketing, what do you think the next 20 years of...

Q:

Based on the evolution of international marketing since Levitt's article "The Globalization of Markets" published in 1982 and on what you have learned in this course, what do you think the next 20...

Q:

I'm in desperate for help. It's due on next Tuesday midnight. Attached files contain all the requirements of this individual project. I also added some hint on word file and ppt file to mark the...

Q:

1. Identify and describe 3 options for soliciting business from potential suppliers. 3. IDENTIFICATION OF POTENTIAL SOURCES Supplier selection constitutes an important part of the supply function. It...

Q:

PLEASE ANSWER QUICKLY, WILL GIVE THUMBS UP IF ALL ANSWERED IN TIME . Which of the following statements is incorrect? a. The more detailed an RFQ is, the more accurate and comparable the quotes will...

Q:

1. Below information is cited from the website of the Purchasing Department of University of Nevada, Las Vegas: A purchase of goods and services which cannot be made with a PCard, or requires the...

Q:

Singh Corporation has manufacturing facilities in several cities and has cash on hand at several locations, as well as in several bank accounts. The general ledger at the end of 2014 showed the...

Q:

How is a p-value used to test a hypothesis?

Q:

5. LABC=67. In AABC, AB = 32 cm, BC=43 cm and (i) Find the area of AABC. (ii) Hence, find the perpendicular distan A to BC. C A 32 cm 43 cm 67 B

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...