A _____ is a request to submit a proposal based on a set of specifications provided by a buyer.
A)kanban
B)reverse auction
C)PO
D)bill of materials
E)RFQ

Question

Quizplus · Accepted Answer

An RFQ (Request for Proposal) is a formal document issued by a buyer to a potential supplier that requests submission of a proposal based on a set of specifications provided by the buyer. The purpose of an RFQ is to solicit competitive bids for products or services that meet the buyer's specific requirements. Option A, B, C, and D are not relevant to the context.

A _____ Is a Request to Submit a Proposal Based