Ie-RFX is the name coined for the three requisition tools
namely Request for Proposal (RFP), Request for Quotation (RFQ), and Request for Information (RFI).
RFI
In this module, the buyer requests for an information to be furnished for any particular
product/services.
RFQ
This module is particularly applicable where the procurement value is low and useful whenever
there is an urgency (short time) to procure the item.
RFP
This module is just another version of e-tendering but can be considered as a combination of
RFI & RFQ. This is also applicable when the time is short for procurement of any item. |