Asked by Madison Zurweller on Jul 26, 2024
Verified
A request for information (RFI)signals that the buyer has identified the supplier as the source of supply and represents a commitment for future business.
Request for Information (RFI)
is a standard business process whose purpose is to collect written information about the capabilities of various suppliers.
Source of Supply
The origin from which goods and services are obtained, which could be a manufacturer, distributor, or a service provider.
- Grasp the concepts and implications of requests for information (RFI), quotations (RFQ), and proposals (RFP) in supplier selection processes.
Verified Answer
JR
Jonah RuskinJul 28, 2024
Final Answer :
False
Explanation :
A request for information (RFI) does not necessarily indicate a commitment for future business. It is simply a step in the supplier selection process where the buyer is gathering information about potential suppliers. The actual commitment comes later in the procurement process after evaluations and negotiations have taken place.
Learning Objectives
- Grasp the concepts and implications of requests for information (RFI), quotations (RFQ), and proposals (RFP) in supplier selection processes.
Related questions
What Supplier Selection Criteria Are Described by Production Capability, Labor ...
Buyers' Perceptions of Risk in Supplier Selection Decisions ...
The Traditional Supplier Evaluation Criteria Are ...
The Buyer's Assessment of the Risk Associated with a Supplier ...
Suppose That Six Months Ago, Levi Strauss & Co ...