During procurement, the requirements determination process results in the creating of which document?G Quotation Requisition Purchase...

During procurement, the requirements determination process results in the creating of which document?G

Quotation

Requisition

Purchase order

RFQ

Expert Solution

The answer is RFQ.

RFQ means request for quotation. RFQ is used for standard purchases .

Procurement is a formal process with legal implications. Hence the information shared between the buyer and seller need to be articulated with clarity and shared in a formal manner in documented format. RFP, RFI, RFQ, IFB and RFB are some of the documents which are prepared by the buyer.

keosha answered 2 years ago

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