What is an eRFx?

eRFx is shorthand for:

• Request For Proposal (RFP)
• Request For Quote (RFQ)
• Request For Information (RFI)
• Pre Qualification Questionnaire (PQQ0)

Where the buying organization asks a detailed set of questions from each candidate.

The 'e' is for 'electronic'. The term eRFx is generally only applied to cases where the project is managed via web based software.

An RFx questionnaire is a bit like a college examination. It consists of a number of questions, arranged into sections and subsections (to any depth). Respondents (potential suppliers) provide answers to these questions, and the buyer scores these answers. Questions and sections are given a weighting which determines the contribution of each question's score to the total, overall score. This process is felt to give the buyer a good chance of selecting the supplier which best fits the requirements of the project.

Respectable RFx software (like EventSupplierSelect, of course) supports the use of multiple weighting sets and multiple score sets (scorecards) for really sophisticated RFx projects.

Related Topics

Who traditionally uses RFx questionnaires?
What is e-sourcing and SRM, and where does EventSupplierSelect fit it?
How is EventSupplierSelect different from other RFP software services?
What are the benefits of using web based eRFx Software?
What is sourcing or procurement software?

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