What are the differences of rfp from rfi

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Once the supplier market research is completed, next step is to release RFIs/RFPs/RFQs to potential suppliers. It is important to communicate the exact requirements of the organization as well as the end-goals and performance expectations so that the suppliers have clear understanding of what the organization needs. When would you issue an RFP rather than an RFQ and why? What are the differences of RFP from RFI?

Reference no: EM133402279

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