RFP or RFQ? A Procurement Leader's Guide to Smarter Sourcing Decisions

Confused about when to use an RFP versus an RFQ? Making the wrong choice can lead to wasted time, inaccurate bids, and missed opportunities. This guide provides a clear and concise breakdown of the key differences between RFPs and RFQs, empowering you to choose the right sourcing method for every situation. Learn how to define your requirements, craft effective documents, and evaluate bids efficiently. You'll learn when to use an RFQ, when to use an RFP, and gain actionable strategies for maximizing your sourcing outcomes. This guide is perfect for any procurement leader.