Efficient Supply Systems: Development of Effective RFXs



 
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1.50 hour
Online Self Study
PEX503

ID:1000000190
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About the Course

The RFX process provides a vehicle for purchasers to gather information from suppliers in various manners that will allow them to make educated decisions on whom to purchase from, which products or services to buy, and under what terms. This course explores the concept, construction, and preparation of RFXs.

Course Description

The RFX process includes request for information (RFI), invitation for bid (IFB), request for quote (RFQ), and request for proposal (RFP). Their purpose is to provide a vehicle for purchasers to gather information from suppliers in various manners that will allow them to make educated decisions on whom to purchase from, which products or services to buy, and under what terms.

The goal of an effective RFX process is to deliver the greatest value to your organization through a course of action that provides a true and solid means of obtaining information from your supplier. It is a means of assembling all the information required to arrive at a well-grounded conclusion. This course explores the concept of RFXs and their construction and preparation, examines the key elements of the statement of work, and addresses how RFXs differ in the electronic age.

Learning Objectives

After completing this course, you should be able to:

  • Develop an RFX in an effective and results-oriented manner.
  • Articulate the importance of the statement of work and how it needs to be constructed.
  • Describe the use of the electronic means of preparation and distribution of an RFX.

Agenda

The following topics are included in this course:

  • Constructing an RFX
  • Constructing the SOW
  • Special Considerations
  • Electronic RFXs
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