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RFP request for proposal RFQ request for quotation RF request for information what yes pay attention they are keep documents in the pudding process learn fast keep watching and subscribe America eLearning welcome to the supply chain management lesson my name is Amir cope William Lord says soft problem make good decision let's start in this lesson we cover three points about our ff1 we define our as I RF f RF q 2 will be learning when to apply them 3 we will see a basic workflow for each of them let's get started this is a strange story but may help be learning our friend here is a manager in a sunny and hot day he wants to buy something to give to his team but has no idea how to solve the heat problem he prepared a request for information and send them out to suppliers the suppliers reply with some alternatives water balloons may help of ice cream and why not some drinks the manager saw saw and then decide for the ice cream there are the two solutions do not seem to be appropriated for the workplace once he had a better idea about it rather he issued and send out a request for proposal if he knew all the tales he could have sent out a request for quotation and just ask for the product cost this story gave us an idea about our F Phi R FG + RFQ applications the buyer knowledge about the product indicates which document is more suitable our f eyes RFP RFQs are part of the sourcing process when the buyer requests specific information from vendors sellers to identify the better solution to proposals or price these documents are also called our FX and they have a very key role in the purchasing process mainly in the supplier selection phase RFI is usually issued early in the purchasing process the RFQ can be issued a little bit later because it is just asking for the purchase cost let's first focus on request for information the purchasing process has three main groups of stakeholders the company's internal departments with purchasing department and the suppliers once that is a problem to be solved in no specific idea how to solve it companies can issue a RFI and send out it to suppliers and vendors the vendors return ideas technical assessments and potential solutions therefore the company can increase the knowledge about the problem and after decide what to do more specifically the RFP workflow is similar to RFI although now the company has defined more clearly the needs specifications and requirements they are fq workflow follow the same pattern but the company now has to detail all specifications and requirements on which the vendors will be able to put the cost without doubts and uncertainties next let's check the concepts out our SX is an abbreviation used in the corporate purchasing that refers to a document to request information proposals or codes it's sent by the buyer to suppliers vendors the document is part of the flyer selection activity request for information RFI is used when the buyer wants to inquire about specialized or technical solutions the buyer usually does not have expertise in the field and once you have more knowledge before issuing an RFP or RF killed request for Proposal RFP is a formal document use the in tender leading solicitation in which company asks suppliers to send formal proposals it describes the requirements the criteria for vendor selection and contract terms request for quotation RFQ is a document used to ask suppliers to submit a code for a specific product or service the RFQ has a similar content and structure to the RFP in this video we saw three key documents of the purchasing process the RFI RFP in RF field also known as our FX now I believe you can answer what are the RF X who participates in the process and how when and why we applied them you can send your questions in the comment area I'll be pleased to answer all of them thanks for watching and don't forget to subscribe American e-learning [Music] you [Music]