Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know
The Procurement ClassRoom
NOVEMBER 16, 2024
Organizational procurement policies often establish thresholds for the application of RFQs, RFPs, REOIs, and IFBs, defining their use within specific procurement methods or strategies. This article seeks to disentangle these overlapping terms by examining the tools and methods that are often used interchangeably.
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