RFP lifecycle

Question 1

What is RFP Lifecycle?

Answer 1

RFP Lifecycle refers to the process involved in creating and responding to a Request for Proposal (RFP).

Example: The RFP Lifecycle includes the stages from drafting the RFP to evaluating supplier responses.

Question 2

What are the various stages/actions involved in RFP Lifecycle?

Answer 2

The various stages/actions involved in RFP Lifecycle include drafting the RFP, sending it to suppliers, receiving and evaluating supplier responses, and awarding the contract.

Additional information: Each stage involves specific actions and decisions.

Question 3

What are the planner actions involved in RFP Lifecycle?

Answer 3

The planner actions involved in RFP Lifecycle include defining requirements, creating the RFP document, and evaluating supplier proposals.

Example: Planners play a key role in setting the criteria for supplier selection.

Question 4

What are supplier actions involved in RFP Lifecycle?

Answer 4

Supplier actions involved in RFP Lifecycle include reviewing the RFP, preparing and submitting proposals, and participating in any follow-up discussions or negotiations.

Additional information: Suppliers need to carefully read and understand the RFP requirements.

Question 5

Which of the actions in the RFP Lifecycle closes the loop?

Answer 5

Awarding the contract is the action in the RFP Lifecycle that closes the loop.

Example: Once the contract is awarded, the RFP process is complete.