Asked by Madison Zurweller on Jul 26, 2024

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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.
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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.