A/An ____ involves sending a preliminary survey to suppliers.
A) request for quotation
B) request for information
C) purchase order
D) order release
E) None of these choices.

Question

Quizplus · Accepted Answer

A request for information (RFI) is a procurement solicitation where buyers ask potential suppliers to provide general information about their company, capabilities, products, and services, without committing to a specific purchase. RFIs may be used to gather information about the market, potential solutions, or suppliers' qualifications, and their responses can help buyers shortlist suppliers and prepare for more detailed requests, such as requests for quotations or proposals. Sending a preliminary survey to suppliers can be considered an RFI. A request for quotation (RFQ) is a formal invitation to suppliers to provide specific pricing for a defined scope of work, while a purchase order (PO) is a legally binding agreement that confirms the details of a transaction, including the product, quantity, price, and delivery terms. Order release is a term used in the context of production planning and scheduling that refers to the release of a specific production order to the shop floor for execution.

A/An ____ Involves Sending a Preliminary Survey to Suppliers