Which term corresponds to the process to collect written info on capabilities of various suppliers?

Which term corresponds to the process to collect written info on capabilities of various suppliers?

• A. Contracting
• B. Request for Information (RFI)
• C. Purchase Requisition
• D. Purchase Order

Answer: (B)

Collecting written information on supplier capabilities is done with a Request for Information. An RFI is sent to multiple potential suppliers to gather standardized details about what they can offer, their qualifications, capacities, and general approach. This is a preliminary, non-binding step that helps you screen options and decide whom to invite for more detailed requests (like an RFP or RFQ). The other terms correspond to different stages: contracting is finalizing terms and formalizing an agreement; a purchase requisition is an internal request to obtain goods or services; a purchase order is the actual order issued to a supplier once terms are settled. So, the process described is an RFI.

Collecting written information on supplier capabilities is done with a Request for Information. An RFI is sent to multiple potential suppliers to gather standardized details about what they can offer, their qualifications, capacities, and general approach. This is a preliminary, non-binding step that helps you screen options and decide whom to invite for more detailed requests (like an RFP or RFQ). The other terms correspond to different stages: contracting is finalizing terms and formalizing an agreement; a purchase requisition is an internal request to obtain goods or services; a purchase order is the actual order issued to a supplier once terms are settled. So, the process described is an RFI.