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Statements

Subject Item

dbr:ERFx

rdf:type

dbo:Company

rdfs:label

ERFx

rdfs:comment

In procurement technology, ERFx (or eRFx) is an acronym for electronic request for [x], where x can be Proposal (RFP), Quotation (RFQ), Information (RFI) or Tender (RFT). Other pseudonymous acronyms include ITT (Invitation to Tender) and PQQ (Pre Qualification Questionnaire). All relate to a similar activity: a buyer requesting information from potential suppliers for the purpose of evaluation and comparison. Often this is part of a tendering exercise. The more structured this information is, the easier it is to compare the suppliers. For example, it is more effective to ask 20 multiple choice questions than it is to ask 2 essay questions, as long as suppliers have an opportunity to provide commentary to qualify their answers. Therefore, eRFX software should help the buyer to compare suppl

dcterms:subject

dbc:Procurement

dbo:wikiPageID

6109409

dbo:wikiPageRevisionID

1100936414

dbo:wikiPageWikiLink

dbc:Procurement dbr:Procurement dbr:Request_For_Tender dbr:Supply_chain_management dbr:E-procurement dbr:Request_for_Information dbr:Request_for_Proposal dbr:ESourcing dbr:Request_for_Quotation dbr:Tendering

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In procurement technology, ERFx (or eRFx) is an acronym for electronic request for [x], where x can be Proposal (RFP), Quotation (RFQ), Information (RFI) or Tender (RFT). Other pseudonymous acronyms include ITT (Invitation to Tender) and PQQ (Pre Qualification Questionnaire). All relate to a similar activity: a buyer requesting information from potential suppliers for the purpose of evaluation and comparison. Often this is part of a tendering exercise. The more structured this information is, the easier it is to compare the suppliers. For example, it is more effective to ask 20 multiple choice questions than it is to ask 2 essay questions, as long as suppliers have an opportunity to provide commentary to qualify their answers. Therefore, eRFX software should help the buyer to compare suppliers in useful ways – e.g., apples vs. apples. eRFx software is a subset of software (software that helps buyers to source suppliers), which is in turn a subset of E-procurement software.

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wikipedia-en:ERFx?oldid=1100936414&ns=0

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3340

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wikipedia-en:ERFx