RFP

A Request for Proposal (RFP) is a formal request to suppliers to submit detailed offers providing a specific solution for a clearly defined requirement. Unlike an RFI, which gathers general information, an RFP seeks precise solutions, and suppliers are expected to submit detailed proposals, including costs.RFPs are often used for more complex procurement processes where factors such as technical feasibility, experience, service quality, and innovative approaches are as important as price. Companies provide very clear expectations and requirements in an RFP so that suppliers can develop tailored solutions.

‍

For example, a company might issue an RFP when implementing a new ERP system, where both technical aspects and implementation support from the supplier are crucial. The company expects potential vendors to submit detailed proposals tailored to their specific needs.Relatico facilitates the RFP process by enabling companies to clearly communicate requirements, collect offers centrally, and easily compare them. Relatico’s structured features help companies identify the best suppliers efficiently and make informed decisions.