Presentation on the key considerations for sourcing of raw materials and juices among Procurement, R&D, and Quality Professionals

The Outline Provided Below As A PDF Provides The Bullet Points To Manage a RFI to RFP. and details on each sub-bullet

Call Me At The Number Below For Consulting Support on The Process.

Why Issue A RFI?

A RFI is usually issued as a “wake-up call” to a supply market that may have become complacent. In many cases, it signals the arrival of a new buyer to a Category or to signal the dawn of a revitalized approach to sourcing within the company. RFI’s are very useful to quickly develop an understanding of a rapidly changing supply market. The RFI will provide the team the opportunity to obtain benefits that competition can yield, such as lower prices and higher value and benchmark indicative pricing without a commitment.

What is the purpose of the RFI?

When to use a Request for Information?

What is the distinction between the Request For Proposal (RFP) and the RFI?

The difference between the RFI and RFP is that the RFI is just for requesting information, while the RFP is a request to really get a proposal on how the supplier would like to design or choose a component or create a service to you. The RFQ is on the other hand a request to actually get a price on a product. This is something you do not usually do in an RFI; however, many times, procurement managers will ask for indicative pricing for a goods or service, to try and obtain information on the general prices in the market-place.