ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A formal request for suppliers to prepare bids based on terms and conditions set by the buyers is a(n):
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Invoice
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Request for Proposal
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Purchase Order
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Bill of Lading
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Explanation:
Detailed explanation-1: -One of the tools organizations use to find the right supplier or vendor is by issuing a Request for Information (RFI), a Request for Quotation (RFQ), and a Request for Proposal (RFP).
Detailed explanation-2: -A request for proposal (RFP) is a document that an organization, often a government agency or large enterprise, posts to elicit a response–a formal bid–from potential vendors for a desired IT solution.
There is 1 question to complete.