rfx

Example:We issued an RFP to three suppliers to get their proposal on the new IT system.

Definition:A document used in the procurement process to invite potential suppliers to submit proposals detailing the advantages of their products or services.

Example:We sent an RFI to all possible vendors to gather more information about their services.

Definition:A formal communication seeking information from a potential supplier or a group of suppliers, used before making a decision on which supplier to proceed with.